FAA and US aerospace companies have been temporarily spared from the consequences of steep across-the-board federal government budget cuts that were scheduled to become law Wednesday. Congress on New Year’s Day passed a “fiscal cliff” deal that revised US tax rates and postponed the cuts known as budget sequestration—but the budget reductions are now set to take effect March 1. The US Aerospace Industries Association (AIA), which spent much of 2012 lobbying ...

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