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Business/Financial

Graham To Industry: Issue Layoff Warnings To Help Stop Cuts

Julie Samuel

Wednesday, June 27th, 2012

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A senator trying to stop $500 billion in defense cuts from starting next January is calling on industry and the Pentagon to tell employees their jobs are in jeopardy, in order to force lawmakers to stop the cuts. Sen. Lindsey Graham (R-S.C.) issued the call yesterday, as sundry groups of lawmakers continued to talk behind closed doors about proposals to prevent so-called sequestration cuts from starting next January and lasting a decade. The politically unpopular spending reductions, which would take $55…

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