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Thursday, October 11, 2012

Washington Area Officials Prepare for 'the Perfect Storm'

Sequestration topped the agenda at the Metropolitan Washington Council of Governments October board meeting.

Washington area government officials are preparing an economic shield for the wave of automatic federal spending cuts – sequestration - that may hit Metropolitan Washington in January. “We have the perfect storm with the Bush era tax cuts that will be expiring…and I’m not certain we’ve got political consensus from Capitol Hill regarding the federal budget, the deficit and sequestration,” said Frank Principi, Metropolitan Washington Council of Governments (COG) Board of Directors Chairman. Leaders from the National League of Cities and the National Association of Regional Councils briefed the COG Board of Directors, comprised of 22 local government officials and members of the United States Congress, on the impact of sequestration at the …

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