Morris and Essex could feel the largest impact of spending cuts.
Thursday, February 28
More than 13,000 federal employees in North Jersey could be affected if the sequestration cuts go into effect after Friday's deadline. The numbers above show the federal employees by county in New Jersey 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 Office of Personnel Management, Federal Employment Statistics and the Bureau of Labor Statistics. (U.S. Postal Service Employees are excluded in this count. The USPS receives no tax dollars in its operations and would not be affected by the sequestration cuts.) Essex County residents could potentially feel the greatest impact, as it has the largest share of federal employees in New Jersey …
Has the scary news about the impending federal sequester got you worried?
If it feels like we went through something like this just a month or so ago, you're right. That was when we were warned that the country was set to nosedive off the "Fiscal Cliff" back in December. As you'll recall, part of the Fiscal Cliff was a series of tax cuts dating from the Bush Administration era that were set to run out unless President Barack Obama and Congress came to terms before the expiration. You saw the results when the government took a bigger cut from your first paycheck in 2013. But now we're teetering on the verge of another federal precipice with the Sequestration. But what is it? What the Sequester Is Part of the resolution of the Fiscal Cliff was the American Taxpayer Relief Act. That extended some tax cuts and …