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New round of sequester cuts coming in January: economists

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Most of the country’s top economists think a second round of federal sequestration cuts will take effect in January as scheduled, a USA Today survey released Monday found.

Forty-six percent of those polled expect the cuts will take place as scheduled in January, while 34 percent think the cuts will go into effect in January at a reduced level. Just 2 percent believe sequestration will be halted indefinitely.

The majority of the experts polled — 55 percent — also say that the recurring budget talks and debt ceiling crises are having “some” negative effect on the economy, with 8 percent saying they are hurting the economy “a lot.”

For the survey, USA Today talked to 41 top economists between Oct. 23-24.

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