Spending cuts could cost Colo $48 million in wages

Published February 21, 2013 9:48pm ET



DENVER (AP) — The Colorado economy could lose more than $48 million in wages over the next few months if automatic spending cuts take effect and the military puts civilian employees on intermittent furloughs without pay, a Colorado Springs business official said Thursday.

That total is for Air Force civilian employees alone, said Andrew Merritt, chief defense industry officer for the Colorado Springs Regional Business Alliance.

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