Printing Sector Hit Hard by Government Cutbacks reports Cartridge Express
Largest client is currently the DoD
The United States Government Printing Office, which is the printer of official documents, utilizes nearly 16,000 private vendors. These carriers carry out most of the work, which is now set to shrivel up if the sequestration cuts kick in on Friday.
"Some vendors may have as much as 80 or 90 percent (government business)," Davita Vance-Cooks, the acting GPO director, told lawmakers on Wednesday. "It is entirely possible they will see a reduction in their revenue. They may even close."
The spending cuts are to take a modest bite out of the general GPO budget; however, and nearly 84% of the agency's total business comes directly from other agencies. Such agencies are those that print passports and so forth. Thus, its general bottom line is expected to take a rather direct hit as the federal government sets to pull back.
Nearly $48 million in GPO spending went directly to Maryland last year, according to Vance-Cooks. Meanwhile, Virginia sees nearly $11 million, and Florida receives $12 million.
The DoD is now currently the largest client for the GPO, but Vance-Cooks stated that she thought the Pentagon would have other priorities.
"I think that they're involved in looking at other things beyond printing," she told a congressional panel. "I think printing will be probably the last thing they start to look at."
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