May 23, 2013

Weather

Fair

73°
Conditions at Grand Junction, CO
Save Email Print Bookmark and Share
A A
Reporter: Associated Press Email

Colorado could lose $2B from federal fiscal cliff

DENVER (AP) -- Colorado could lose $2 billion in revenue and federal funds if Congress cannot agree on budget cuts by the end of this year.

If Republicans and Democrats cannot reach a compromise, automatic budget cuts could hurt Colorado defense contractors, elderly-community centers, local governments and education programs.

According to the Denver Post, the estimates come from business groups, defense contractors and the Colorado governor's office.