- By Eric Katz February 25, 2013
Sequestration will not bring furloughs at every agency, as some leaders have said they can reduce their budgets in other areas to avoid requiring employees to take unpaid leave.
The Small Business Administration will rely on an anticipated reduction in a certain type of loan to cut costs, should sequestration go into effect March 1, according to an Associated Press report. Outgoing Administrator Karen Mills said fewer 504 loans — which spiked last year due to a now-expired provision allowing them to be used to refinance mortgages — will account for most of the cuts, and furloughs will not be necessary. Continue reading “Some Agencies Won’t Need Furloughs Under Sequester”