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Take Two

Is the US entering its own era of austerity?

By Take Two Staff
Published Apr 26, 2013
The US Capitol is pictured on the eve of the budget sequester on February 28, 2013 in Washington, DC. The broad US 'sequester' spending cuts that take effect beginning Friday will slow growth in the world's biggest economy and hit the global economy, the International Monetary Fund said Thursday.
The US Capitol building
(
JEWEL SAMAD/AFP/Getty Images
)

Take Two translates the day’s headlines for Southern California, making sense of the news and cultural events that affect our lives. Produced by Southern California Public Radio and broadcast from October 2012 – June 2021. Hosted by A Martinez.

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Is the US entering its own era of austerity?

Economists and policymakers have for years shirked the austerity measures deployed by Europe to deal with the recession. But now the U.S. is making the same type of spending cuts in a weak economy that European leaders are now distancing themselves from.