Fiscal Cliff Threatens 277,000 Federal Jobs

federal job cuts fiscal cliff
federal job cuts fiscal cliff



By Jennifer Liberto


WASHINGTON (CNNMoney) -- Federal workers have weathered a two-year pay freeze, increased health insurance premiums, and threats of more cuts from Republicans.

Now their jobs are in jeopardy. Some 277,000 workers -- 14% of the federal work force -- could lose their jobs in the next 12 months if the U.S. cannot avert the so-called fiscal cliff, according to a study by the Center for Regional Analysis at George Mason University.