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Colorado could lose $2B from federal fiscal cliff
(Photo courtesy: Colin Anderson/Getty Images)
Posted: 11/30/2012
Last Updated:
201 days ago
DENVER - Colorado could lose $2 billion in revenue and federal funds if Congress cannot agree on budget cuts by the end of this year.
If Republicans and Democrats cannot reach a compromise, automatic budget cuts could hurt Colorado defense contractors, elderly-community centers, local governments and education programs.
According to the Denver Post, the estimates come from business groups, defense contractors and the Colorado governor's office.
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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