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Minnesota could lose 4,000 defense jobs

If Congress fails to halt automatic spending cuts later this year as they attempt to pull the nation back from the so-called fiscal cliff, the state could lose more than 4,000 defense-related jobs and nearly $350 million in revenue for each of the next nine years, the Star Tribune reports.

The fiscal cliff, or sequestration – automatic across the board spending cuts to both defense and nondefense government spending, which grew out of a fight last year over the debt-ceiling – could hit Pentagon civilian workers first, NPR reports.

The Cleveland Plain Dealer puts “fiscal cliff” and “sequestration” in plain language as part of a presidential debates glossary.



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