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AIA Sounds the Alarm on Economic Downturn Report
2013-01-30 06:00:00| Industrial Newsroom - All News for Today
According to Marion C. Blakey, President and CEO of AIA, contraction of the U.S. economy in the fourth quarter underscores AIA's warning for the past 18 months that severe across the board budget cuts—both to defense and non-defense discretionary spending—threaten to throw the economy into a tailspin. In less than 30 days, unless Congress and the White House act, sequestration will kick in, leading to higher unemployment, reduced tax revenue, and lower consumer spending. This story is related to the following:Trade Associations
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Category:Industrial Goods and Services