Admiral Speaks on Sequestration’s Potential Community Impact
A former military officer was in Charlottesville Wednesday talking about how sequestration could have a community impact.
Admiral Craig Quigley spoke at a defense enterprise round table sponsored by the Charlottesville Regional Chamber of Commerce. He is currently the executive director for Hampton Roads Military and Federal Facilities Alliance.
Quigley says the looming $85 billion in mandatory cuts would have a ripple effect, impacting local spending. He also says small businesses could be hit the hardest.
"If you're a Boeing, Lockheed Martin, a Northrop Grumman, you're going to feel it but you'll still be standing at the end of the day," Quigley said. "If you're a small business and you do maybe one thing and you make one product, and the market for that just basically evaporates, you may not even survive."
Quigley says civil servants in all federal agencies will probably be furloughed a number of days for the rest of the year.
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Natalie Wilson joined the NBC29 news team as a general assignment reporter in April 2012.Full Story
Natalie Wilson joined the NBC29 news team as a general assignment reporter in April 2012. She is a proud alum of Howard University and is currently pursuing her Master's in Communication at Johns Hopkins. Email/ Full Story