Tagged: Budget Cuts

The Pentagon says the automatic budget cuts known as sequestration could leave the U.S. with a military that is simply unprepared for the most challenging combat missions. Secretary of Defense Chuck Hagel told Congress in April that the military is eating its seed corn.

Transcript

KELLY MCEVERS, HOST:

It's been two months since the across-the-board budget cuts known as sequestration officially went into effect. The decision on that was made here in Washington, but the effects are being felt all over the country. Take, for example, a chunk of money called impact aid.

JACK BOOGAARD: There's three different kids that can receive this type of money called impact aid.

Congress decided last week to ease the effects of the across-the-board federal spending cuts on travelers upset over airport delays. But low-income Americans who rely on government housing aid are still feeling the pain.

Housing authorities across the country have all but stopped issuing rent vouchers as they try to deal with the cuts known as sequestration. Many newly issued vouchers have been rescinded, leaving some people homeless or doubled up with family and friends.

And the cuts come at a time when there's a severe shortage of affordable housing across the country.