Press Releases

Sequestration Cuts to R&D Could Reduce U.S. GDP by Over $200 Billion

WASHINGTON (February 26, 2013) - The Sequester, which is scheduled to take effect March 1st, will lead to cuts in defense, education, social services and other areas. However, the most devastating, long-term effects from sequestration will be in innovation, and these could ultimately reduce U.S. GDP by over $200 billion per year.<