Colorado could lose $2B from federal fiscal cliff

By The AP
Friday, November 30, 2012

DENVER — Colorado could lose $2 billion in revenue and federal funds if Congress cannot agree on budget cuts by the end of this year.

If Republicans and Democrats cannot reach a compromise, automatic budget cuts could hurt Colorado defense contractors, elderly-community centers, local governments and education programs.

According to the Denver Post, the estimates come from business groups, defense contractors and the Colorado governor’s office.