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The Fayetteville Sequester Blues
http://fayobserver.com/articles/2012/10/31/1214414?sac=fo.businessSequestration forum sounds alarm for Fayetteville over looming budget cuts
By Henry Cuningham
Military editor
Published: 08:18 AM, Thu Nov 01, 2012
"Hurricane Sequestration" is headed for Fayetteville, and local businesses should prepare for its impact, Fayetteville Regional Chamber leaders said Wednesday.
"We all stand to take a pretty big haircut," Doug Peters, president and CEO of the chamber, told about 40 business leaders at Methodist University.
Peters was among several speakers at a forum on how defense cuts in the Budget Control Act could hurt small businesses. The mandatory federal cuts, which would take effect in January, also could have other long-term implications, such as on education and early childhood programs, he said.
~snip~
Tighter federal dollars could lead to more audits of contractors, which could lead to investigations, said Keith Tilghman of Bank of America-Merrill Lynch.
