U.S. Economy Likely To Weather Budget Cuts
Economists say automatic spending cuts starting Friday pose a mild risk. The economy shows resilience with rising stock markets and stronger consumer demand as analysts expect a temporary drag of about 0.1 percentage point to 2013 growth if the cuts last only through March.
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Iowa town fears cuts to meat plants hit Columbus Junction
Columbus Junction Iowa a city of 1900 hosts Tyson Foods hog processing plant employing about 1200. Automatic federal budget cuts threaten plant shutdowns delaying meat inspections risking local economy and farmers who supply hogs could face higher costs and delayed sales.
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