SAN FRANCISCO (KCBS) — The White House has been warning of dire consequences for California if automatic “sequester” cuts in federal spending take effect, as scheduled, on Friday, March 1st.
If the cuts go through, $85 billion would be slashed from the federal budget. About $88 million for California schools would be cut; or the money for almost 2,000 teachers and Head Start programs. It would take more than $3 billion from state military spending. Services in Yosemite would also be affected and the University of California could lose about $250 million federal dollars.
Jason Furman, deputy director of the White House National Economic Council, said many cuts would be phased in, but some would be felt immediately.