Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal Tech Talk
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- Value of Health IT
Shows & Panels
Sequestration would mean 12.1 percent cut to agency spending
Wednesday - 5/2/2012, 5:30am EDT
The estimated reduction is based on agencies' fiscal 2012 discretionary budgets, according to the new report from the Congressional Research Service.
The Budget Control Act passed last August called for reducing federal spending by $1.2 trillion over the next decade with half of the cuts come from defense spending.
CRS found the largest decline would occur in fiscal 2013, and starting in fiscal 2014, "discretionary spending subject to the caps increases annually at a rate that is slightly higher than the projected rate of inflation," according to the report.
Spending in real terms would not reach fiscal 2011 levels at any point in the 10-year sequestration period, CRS said.
Some mandatory spending programs — like Social Security, disaster spending and veterans programs — would be exempt from sequestration.
The Office of Management and Budget said this month that it is not offering any contingency plans to agencies in the expectation that Congress will hash out their political differences to avoid sequestration.