USPTO Plans 'Significant' Budget Cuts Due To Sequester

Law360, New York (April 19, 2013, 7:49 PM EDT) -- The head of the U.S. Patent and Trademark Office told employees Thursday that the agency will have to make "immediate and significant" budget cuts due to lower-than-expected fee revenue and the congressionally mandated budget cuts known as the sequester.

In an email to employees, acting USPTO Director Teresa Stanek Rea said the office faces "substantial budgetary uncertainty" making it "essential that we act now to further reduce spending."

"I have thus asked the management team to come together to identify immediate and significant spending reductions for the remainder of [fiscal year] 2013 with a focus on minimizing the impact to our...

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