The US economy: waiting for the chop

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With the clock ticking on sequestration, the US is preparing to feel the full weight of the $1.2tn crackdown. According to this article in The Economist, thoughts are now turning to the damaging effects on the supply chain, with trade groups foreseeing  ? among other consequences ? a decrease in air traffic of up to 10%, with cargo most affected, due to the planned furlough of 47,000 federal employees. Of course, every trade group is crying foul, with customs officers ...