Weekly benefits are currently $330 on average in Conn. But starting in June, the checks will come in at $265.
However, Cuomo noted the cuts likely won’t have an overall big impact on the way the state government operates.
The automatic across-the-board spending cuts took effect Friday after neither side could reach a deal to avoid the sequester and President Obama signed the order.
The White House has reached an agreement with Senate Republican leaders on a deal prevent the “fiscal cliff,” CBS News has learned.
A deal on Capitol Hill to avert the so-called fiscal cliff was proving elusive Sunday, as a deadline to avert tax hikes on virtually every American worker and block sweeping spending cuts set to strike the Pentagon and other federal agencies grew perilously near.
The fact is it won’t be a merry Christmas if there is no deal on the so-called fiscal cliff, because without a compromise tax hikes and across-the-board spending cuts kick in.
State budget director Ben Barnes calls the cuts difficult but necessary to balance the budget.
As the clock ticks closer to the end of the year, Sen. Schumer said he’s confident a deal will be reached.
Seven New Jersey Assembly panels were scheduled to begin holding hearings Monday on the recently-enacted state budget.