Sequestration to hit U.S. economy

The fear of the impact of automatic spending cuts and tightening of fiscal policy is putting downward pressure on the U.S. economic recovery.

Owing to unresolved disagreements between political parties, the sequestration, which implements $85 million in spending cuts, is all set to become a reality on Friday, reports FT.com.

The International Monetary Fund has threated to revise down its growth forecast for the U.S. economy.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.