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8:24 am, April 21, 2014

DoD Sequestration News

Study: DoD sequestration cuts would slam federal workforce, delay pain to contractors

Most of the Pentagon's contract spending wouldn't take an immediate hit from sequestration. Conversely, civilian employees would likely be laid-off or furloughed in the few days or weeks after the automatic budget cuts kick in, according to a Washington think tank's analysis of the convoluted laws that govern the automatic cuts

Monday - 08/27/2012, 05:10am EDT
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OMB: Spending bills exceed budget caps, could trigger cuts

Spending levels appropriated by Congress, so far, for fiscal 2013 fail to live within the limits set by last year's Budget Control Act (BCA), the Office of Management and Budget said in a report issued Monday. If Congress fails to adhere to the annual limits, OMB is required to enact automatic cuts to bring them back into balance, Acting OMB Director Jeffrey Zients wrote in a letter to President Barack Obama that preceded OMB's report.

Tuesday - 08/21/2012, 05:57pm EDT

Dr. Strangelove: Or How We Learned To Love Sequestration

Coming soon...maybe...to a federal agency near you: Sequestration. Everybody is talking about it and nobody is doing anything about it. Congress set up the Dr. Strangelove-like time bomb to force it to do something...but so far nobody is doing anything but warning about federal furloughs and layoffs that could also devastate the contractor community.....

Wednesday - 08/15/2012, 02:00am EDT

Senators sound defense budget alarm in North Vegas

A trio of Republican senators sounded the alarm over billions of dollars' worth of "catastrophic" and "draconian" military budget cuts set to take effect in January, telling an audience Monday that more time was needed for negotiations.

Monday - 08/13/2012, 09:02pm EDT

Analysis: Defense contractors already reducing workforce

The Project on Government Oversight reviewed the size of five of the largest defense contractors and found three of the five were reducing their workforces even as the Defense Department's procurement budget ballooned between 2006 and 2011.

Thursday - 08/09/2012, 12:44pm EDT

Army under secretary: With or without sequestration, DoD will shrink

Army Under Secretary Joseph Westphal said if the automatic spending cuts known as sequestration go into effect, the impact to the Defense Department will be "devastating." At the same time, the DoD still must plan for cuts as tight budget continue and combat operations shrink.

Wednesday - 08/08/2012, 08:26pm EDT
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OMB, DoD remain mum on sequestration's impact on specific programs

Agencies should not change their spending plans for this year or next, but need to start assessing which programs would be impacted by automatic sequestration cuts if Congress doesn't cancel them, OMB acting Director Jeff Zients told Congress Wednesday.

Thursday - 08/02/2012, 06:09am EDT
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After cuts, defense contractors report record operating margins

With a tighter defense budget and the threat of sequestration, defense contractors say they may have to lay off thousands of workers and look for business overseas.

Tuesday - 07/31/2012, 07:33am EDT

Small contractors could be hit hardest under planned Defense spending cuts

Small and medium-sized contractors and suppliers receive 75 percent of appropriated dollars for defense or military programs. But these small businesses, who lack the lobbying power of top- tier defense contractors, may suffer more from sequestration than big companies.

Monday - 07/30/2012, 09:19pm EDT
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Lockheed CEO warns of increased government costs from sequestration

The largest federal contractor is struggling to prepare for about $1 trillion in cuts that are due to take effect in January. Retiring-CEO Robert Stevens said agencies will ask vendors to modify contracts and that in turn will drive up the costs of those programs. Lockheed Martin already is taking steps to reduce its spending by consolidating facilities and reducing staff.

Wednesday - 06/20/2012, 05:35am EDT
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Analysis: Sequestration would drive contractors over 'fiscal cliff'

Defense contractors are growing increasingly worried about the automatic, across-the-board budget cuts, known as sequestration, which are set to take effect in January. Marion Blakey, the president and CEO of the Aerospace Industries Association, said the cuts would hit the defense industry particularly hard.

Monday - 06/18/2012, 09:59pm EDT
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September Defense spending spree takes on new urgency

The Office of Management and Budget estimates that $83.5 billion in previous years' Department of Defense funds will remain unobligated on Sept. 30, the end of fiscal 2012, reports Kevin Brancato and Robert Levinson of Bloomberg Government.

Wednesday - 06/06/2012, 09:08am EDT
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Sequestration may hit defense industry harder than troops

Sequestration would kill hundreds of thousands of defense industry jobs, the Pentagon warns. Frank Kendall told senators during his nomination hearing to be the DoD acquisition chief that personnel accounts would be shielded so lower-tiered contractors would feel the brunt of cuts.

Friday - 03/30/2012, 05:33am EDT
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