ALARM SOUNDED: A report estimating that impending automatic budget cuts will cost the economy 2 million jobs next year underscores the deep political divide over how to avert the looming crisis.
THE REPORT: The Aerospace Industries Association warned of job and economic losses and a blow to wages from the $1.2 trillion, 10-year cuts in defense and domestic programs. The manufacturing trade group urged that Congress act before the November election to avoid the cuts.
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