The automatic federal budget cuts known as “Sequestration” will soon hit the long-term unemployed in New Hampshire. People who remain jobless for more than 26 weeks are eligible for federally-funded emergency unemployment benefits.
Until about two weeks ago, active duty armed service members could count on $4,500 a year to help pay for college tuition. But with the military suspending the benefit because of sequestration, Southern New Hampshire University is trying to bridge that gap.
More than a year ago, Congress and the President agreed to these spending cuts, said to be so unpleasant they’d force leaders to craft a better deficit reduction plan. Now, with the cuts set to begin, some predict a major hit to our economy but others believe that fear is exaggerated. We’ll get the latest and reaction in the Granite State.
Sequestration cuts to the NASA budget will likely result in hundreds of millions of dollars lost to the Russian government. Joining us to discuss this "self-defeating cash transfusion to Moscow" is John Matson. John is an associate editor who writes about space, physics and mathematics for Scientific American.
