United Kingdom Feb Markit Manufacturing PMI down to 47.9 vs 50.5 (Jan)
Mar 1, 2013
Sequestration reconciliation unsuccessful ahead of final meeting later today
The spending cuts once deemed ‘intolerable’ or ‘draconian’ in nature seem to be coming to a reality Friday, as each side posters and braces for damage control as the March 1 date has finally arrived. Despite conflicting partisan sources, the automatic cuts threaten to eventually send poor children home from pre-school, heighten airport security wait times, reduce unemployment benefits and furlough defense workers were the way out of a standoff almost two years ago that put the US on the edge of a debt default.