Washington Area Contractors Plan for Sequestration Delay
November 4, 2012
As mandatory federal spending cuts of nearly $1 trillion loom larger, many Washington area government contractors are making bets the cuts will be delayed, and they are holding back on lowering their financial guidance to Wall Street.
With limited information from the government about how the spending reduction known as sequestration would be implemented, contractors say they are sticking with their current projections for next year.