Military Cuts Loom as Campaign Issue

BY PATRICK O'CONNOR

For all the focus on the unemployment rate heading into the November elections, the layoffs that could most complicate President Barack Obama's re-election prospects wouldn't take effect until early next year.

Unless Congress and the White House reach a compromise by year-end, the Pentagon would have to slash roughly $50 billion more from the current fiscal-year budget in January. That prospect of wide layoffs could undercut Mr. Obama in battleground states heavily dependent on military spending, particularly Virginia.

Federal law requires companies to warn their employees of potential layoffs 60 days before they take effect, meaning thousands of workers could ...

BY PATRICK O'CONNOR

For all the focus on the unemployment rate heading into the November elections, the layoffs that could most complicate President Barack Obama's re-election prospects wouldn't take effect until early next year.

Unless Congress and the White House reach a compromise by year-end, the Pentagon would have to slash roughly $50 billion more from the current fiscal-year budget in January. That prospect of wide layoffs could undercut Mr. Obama in battleground states heavily dependent on military spending, particularly Virginia.

Federal law requires companies to warn their employees of potential layoffs 60 days before they take effect, meaning thousands of workers could ...

Source: http://online.wsj.com/article/SB10001424052702303292204577515220443609642.html?mod=rss_Politics_And_Policy

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