Gramm–Rudman–Hollings Balanced Budget Act

March 4, 2013 - 1:50pm

The effects of the U.S. government budget cuts that started on March 1 will not likely be felt until April but they could be significant for airlines and their passengers. The Federal Aviation Administration, the Transportation Security Administration (TSA) and the Customs and Border Protection (CBP) agency will absorb the mandated spending cuts known as the “sequester” in part by furloughing employees, or requiring them to take several days of unpaid leave.

 
X