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Budget News

Army freezes civilian hiring, cuts base spending ahead of potential sequestration

The Army has put an immediate freeze on civilian hiring and will begin terminating some temporary employees to reduce spending ahead of potential across-the-board budget cuts later this year. Army Chief of Staff Ray Odierno and Army Secretary John McHugh also directed Army commanders and supervisors to reduce base-operations support spending.

Wednesday - 02/13/2013, 02:12pm EST

Navy living out its 'heyday,' but rough seas ahead

Robert Work, the undersecretary of the Navy, says forget about the Reagan-era aspirations of a 600-ship fleet. Even with a smaller Navy, things are better than ever, he says, even if they're about to get worse due to smaller budgets and the threat of sequestration. "Yes, things might get worse. In fact, they probably will get worse. But this is the heyday of the U.S. Navy. And, if you're not excited, you ain't breathing," he said at the Surface Navy Association's annual symposium this week.

Wednesday - 02/13/2013, 02:14pm EST
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House GOP may seek short-term debt limit extension

House Republicans may seek a quick, short-term extension of the government's debt limit, a move that would avoid an immediate default by the Treasury as the party seeks to maximize leverage in negotiations over spending cuts with President Barack Obama this spring, officials said Thursday.

Thursday - 01/17/2013, 07:19pm EST

Navy reducing IT spending ahead of schedule

The Department of the Navy is finding real dollar savings by moving to enterprise software licenses, managing mobile devices and services better and reducing the number of printers and the amount printed. Terry Halvorsen, the DoN CIO, said they are on track to meet the goal of cutting 25 percent of their IT budget in five years.
January 17, 2013

Thursday - 02/14/2013, 05:43pm EST
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Government shutdown, furloughs, and more

Janet Kopenhaver from Federally Employed Woman and Federal Times Senior Writer Sean Reilly, join host Mike Causey to talk about what would happen if the federal government were to shut down.
January 16, 2013

Wednesday - 01/16/2013, 06:02pm EST
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Pentagon issues dire warning to Congress about budget cuts

The nation's top military leaders warned Congress in unusually stark terms that its failure to pass a 2013 defense budget - coupled with the threat of automatic budget cuts - has pushed the Pentagon to the brink of a crisis.

Wednesday - 02/13/2013, 02:15pm EST

Begin saving cash now, Air Force tells commanders

The Air Force orders commanders to start cutbacks in advance of the next budget emergency.

Wednesday - 02/13/2013, 02:18pm EST
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House rejects agency budget cuts in Sandy relief bill

The House soundly rejected an amendment to the Superstorm Sandy aid bill that would have required an across-the-board 1.63 percent cut to agency spending to offset the emergency funding. Rep. Mick Mulvaney (R-S.C.) introduced the amendment last week along with a separate proposal to revoke a mass-transit subsidy for federal workers.

Wednesday - 01/16/2013, 04:26am EST

OMB tells agencies to 'intensify' sequestration planning

Agencies across government should intensify their planning for across-the-board sequestration cuts, according to a Jan. 14 memo to the heads of executive department and agencies from Jeff Zients, the acting director of the Office of Management and Budget. The memo comes on the heels of similar guidance issued last week by the Defense Department. Meanwhile, the Navy warned of the threat of reduced funding from a short-term spending measure.

Wednesday - 02/13/2013, 02:21pm EST

Bernanke prods Congress to raise debt ceiling

Federal Reserve Chairman Ben Bernanke said Monday that it's important that Congress raise the nation's borrowing limit before the Treasury runs out of maneuvering room to avoid a potential default on U.S. debt.

Monday - 01/14/2013, 06:32pm EST

Hitting the debt limit: What bills would be paid?

Reiterating a threat he first issued in the summer of 2011, President Barack Obama on Monday warned Republicans that older Americans might not get their Social Security checks and veterans won't get timely benefits if Congress fails to increase the government's borrowing authority.

Monday - 01/14/2013, 02:21pm EST

Boehner: GOP will pass 'responsible' debt bill

Speaker John Boehner says the GOP-controlled House will "do its job" and pass legislation to lift the nation's borrowing cap and keep the government running, but will insist that Democrats accept new spending controls.

Monday - 01/14/2013, 01:24pm EST

Pentagon orders planning for civilian furloughs, other cutbacks

Defense Deputy Secretary Ashton Carter told DoD components Thursday to draw up plans for full-year continuing resolution, plus sequestration. The approach to deal with across-the-board cuts would be to freeze civilian hiring, cut training, travel and conferences and reduce business technology expenditures.

Wednesday - 02/13/2013, 02:25pm EST
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Pentagon moving to freeze hiring, delay contracts

The Pentagon will begin taking steps to freeze civilian hiring, delay some contract awards and curtail some maintenance to prepare for drastic budget cuts if Congress can't reach an agreement on a final spending plan, Defense Secretary Leon Panetta said Thursday.

Thursday - 02/14/2013, 03:09pm EST

NASA's $1 billion opportunities and a preview of the 113th

On this week's Bloomberg Government Capital Impact show, analysts examine NASA's acquisition forecast for this year, and the legislative agenda on Capitol Hill.
January 10, 2013

Thursday - 01/10/2013, 05:04pm EST
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Bowles: 'No easy way' to get books back in order

The co-chairman of the U.S. deficit commission calls failure to agree on a plan to reduce the national debt "the most disappointing thing in my life."

Friday - 10/07/2011, 02:27pm EDT

Sequestration 2.0 would mean furloughs for DoD's entire civilian workforce

New version of sequestration would reduce overall tab to DoD but compress across-the-board cuts into just seven months. A leading-think tank's "back of the envelope" calculations show the military would have to furlough almost every civilian.

Wednesday - 02/13/2013, 02:33pm EST
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Commerce's CFO, CIO collaboration paying off across the board

Scott Quehl, the CFO, and Simon Szykman, the CIO, work closely together on ensuring projects remain on track and are efficient as possible. Their relationship is making it easier for Commerce to deal with budget and oversight pressures.

Thursday - 01/10/2013, 07:33am EST
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Congress revises DoD's sequestration starting point

When lawmakers and the White House kicked sequestration two months down the road, they also made changes to how the cuts would be calculated. The Pentagon estimates the impact on the Defense budget would be gentler than before.

Wednesday - 02/13/2013, 02:37pm EST
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The top ten federal stories of 2012

Michael Keating, senior editor for Government Product News, joins host Mark Amtower to talk about the GSA scandal, and other big stories in 2012.
January 7, 2013

Monday - 01/07/2013, 06:48pm EST
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