WASHINGTON — A congressional panel’s failure to propose at least $1.2 trillion in federal spending cuts this week has potentially major implications for Hawai‘i. The so-called super committee’s impasse triggers an automatic cuts process known as sequestration that would slash
WASHINGTON — A congressional panel’s failure to propose at least $1.2 trillion in federal spending cuts this week has potentially major implications for Hawai‘i.
The so-called super committee’s impasse triggers an automatic cuts process known as sequestration that would slash $1 trillion in defense spending over the course of a decade beginning in January 2013. About half of that amount comes from cuts that the Defense Department agreed to make with or without sequestration.
A federal report released in September shows that Hawai‘i received $10 billion in defense spending last year, the most federal defense dollars, per capita, of any state. (Federal spending on Hawai‘i last year was $20.9 billion out of $3.3 trillion nationwide.)
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