BUSINESS

GSA could lose $250 million in funding

Comment
Decrease Increase Text size

If the idea of the sequester is to save the government massive amounts of money and cut the deficit, a GSA report indicates that budget cuts actually may hamper the agency's ability to cut back on waste.

According to Federal Times, the GSA stands to lose $250 million in funding next year. That funding would force it to cut back on projects that find waste and fraud impacting American taxpayers.

Estimates indicate that more than $3 billion in savings could be missed due to the cuts.

READ MORE at federaltimes.com.

Would you like to contribute to this story? Join the discussion.

Recommended For You
comments powered by Disqus