"Unless Congress reaches a last-minute agreement on the sequester by Friday, the huge budget cuts slated to kick in have the potential to affect more than 6,200 federal employees working in Milwaukee County," Patch.com reports. "Barring any kind of deal, the Obama administration will have to impose $85 billion in across-the-board spending cuts to military and domestic programs on Friday, according to The New York Times. Those cuts would be the start of $1 trillion in cuts over the next decade. The numbers in the graph above show the number of federal employees in Wisconsin by county in 2012, according to the latest figures from Eye on Washington, a DC-based lobbying firm that tracks federal employment. It compiles the data from the U.S. Office of Personnel Management and the federal Bureau of Labor Statistics. While much has been written on how the current sequestration battle in Washington could affect the national economy, these numbers are meant to give readers a sense of the sequestration at the local level. Of the 6,200 federal employees in Milwaukee County, more than 3,900 work for the Department of Veterans Affairs and about 800 are employed by the Department of Defense. On Sunday, the Obama administration released a report that showed Wisconsin could see more than $27 million in federal cuts if the sequester takes effect. And a report released this week by the National Association of Student Financial Aid Administrators said the University of Wisconsin-Milwaukee could lose about $40,000 in federal work study grants."
NASFAA's "Financial Aid in the News" section highlights media coverage of financial aid to help members stay up to date with the latest news. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.
Publication Date: 2/28/2013