|
 |
 |
|
News bites: Looming sequester cuts spark private sector worries
Federal workers won’t be the only ones hit by across-the board spending cuts slated to take effect on Friday.
The White House detailed state-by-state impacts of the cuts, which would reduce the Pentagon’s budget to 2007 levels. The healthcare world is bracing for sequestration, which would also lead to furloughs at the Federal Aviation Administration.
Payday lenders charging interest rates sometimes exceeding 500 percent have an ally in big banks, The New York Times reports. Federal regulators are investigating.
Regulators are going high-tech as they endeavor to stop sophisticated financial market abuse, according to Financial News.
New on RegWatch:
Campaign finance watchdogs want a new agency to replace the “woefully inept” FEC.
The embattled Office of Advocacy within the Small Business Administration says it saved startups billions of dollars in regulatory costs last year.
HHS is ramping up its issuance of rules in support of the Affordable Care Act
