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8:47 am, April 23, 2014

Congressional, White House Action on Sequestration

Obama seeks to delay sequester with short-term fix

President Barack Obama is asking Congress for a short-term deficit reduction package of spending cuts and tax revenue that will delay the effective date of steeper automatic cuts now scheduled to kick in on March 1. Obama said the looming cuts would be economically damaging and must be avoided.

Tuesday - 02/05/2013, 01:59pm EST

GOP lawmakers see automatic cuts as leverage

There's a growing sense of resignation that the country's political leaders will be unable or unwilling to find a way around looming automatic spending cuts despite fresh signs the cuts would threaten the recovering economy.

Wednesday - 01/30/2013, 07:00pm EST

Upcoming deadlines in debt limit, budget fights

Upcoming deadlines in this year's budget and debt limit fight between President Barack Obama and congressional Republicans:

Wednesday - 01/23/2013, 02:22pm EST

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 - 01/16/2013, 06:53pm EST

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 - 01/09/2013, 05:19am EST
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CBO: 'Cliff' deal leaves big deficits in place

Legislation passed this week to avert the "fiscal cliff" could still leave in place deficits averaging more than $900 billion a year over the coming decade if Congress fails to follow its tax increases up with further spending cuts or tax hikes, the nonpartisan scorekeeper for Congress said Friday.

Friday - 01/04/2013, 06:34pm EST

Analysis: Sequestration postponed? What does that mean?

Brian Friel of Bloomberg Government told The Federal Drive with Tom Temin and Emily Kopp Congress' latest piece of legislation both delays sequestration and reduces its potential effect.

Wednesday - 01/02/2013, 12:20pm EST
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Federal Drive Interviews -- Jan. 2, 2013

Brian Friel of Bloomberg Government and Sterling Beard of The Hill newspaper talk about the new bill to delay sequestration and extend tax cuts. Alicia Cackley of the the Government Accountability Office discusses a new report on the Consumer Product Safety Commission. Cary Russell of the GAO outlines the logistical challenges of withdrawing from Afghanistan.

Wednesday - 01/02/2013, 08:04am EST

Sequester delayed for two months; pay freeze extension still possible

Rep. Michael Fitzpatrick introduced a bill to extend the pay freeze for federal workers for all of fiscal 2013. The Senate still must pass the bill.

Wednesday - 01/02/2013, 05:24am EST

Union president calls Senate fiscal cliff bill 'bad deal'

William R. Dougan, national president of the National Federation of Federal Employees, said Tuesday the Senate's fiscal cliff bill will lead to a political standoff that will leave federal employees with an uncertain future.

Tuesday - 01/01/2013, 05:01pm EST

Details of Senate bill averting 'fiscal cliff'

Highlights of a bill approved Tuesday by the Senate aimed at averting wide tax increases and budget cuts scheduled to take effect in the new year.

Tuesday - 01/01/2013, 09:14am EST

Over the fiscal cliff: Soft or hard landing?

The Senate on Tuesday approved a bill to prevent the nation from going over a Jan. 1 "fiscal cliff." The legislation is now in the hands of the House, which is expected to vote on it Tuesday or Wednesday; if the House approves, it would go to the White House for President Barack Obama's signature.

Tuesday - 01/01/2013, 08:08am EST

House won't vote before midnight on 'cliff' deal

The House will miss the midnight Monday deadline lawmakers set for voting to avoid the "fiscal cliff." House Republicans notified lawmakers that the chamber will vote Monday evening on other bills. They say that will be their only votes of the day.

Monday - 12/31/2012, 04:03pm EST

House to return to session Sunday evening

The House will be back in session Sunday evening as the "fiscal cliff" looms, threatening across-the-board tax increases and spending cuts with the new year.

Thursday - 12/27/2012, 03:03pm EST

Cliff poses tiny dollar gap, wide political ravine

When it comes to resolving their "fiscal cliff" impasse, the dollar gap between President Barack Obama and House Speaker John Boehner is tiny in federal terms. That masks a monumental political ravine the two men must try to bridge, with most of the burden on the now-beleaguered Boehner.

Friday - 12/21/2012, 10:30am EST

House OKs federal pension hike as part of fiscal-cliff alternative

The House approved a bill Thursday requiring federal employees to contribute more toward their retirement as part of a broader deal to avert the the so-called fiscal cliff. The 2012 Spending Reduction Act is nearly identical to a measure passed by the House last spring.

Thursday - 12/20/2012, 07:12pm EST

New retiree diet: 99 ways to serve Hamburger Helper

If Congress and the White House change the yardstick used to measure inflation, will retirees barely notice or will they have to go on a diet of Hamburger Helper and Ramen Noodles? Check out Senior Correspondent Mike Causey's column for more.

Thursday - 12/20/2012, 02:00am EST

Fiscal cliff, sequestration and more

Federal Times senior writers Sean Reilly and Stephen Losey will update us on sequestration, buyouts, and the big issues affecting federal workers in 2013.
December 19, 2012

Wednesday - 12/19/2012, 08:13pm EST
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Obama Social Security offer at odds with top Dems

President Barack Obama's offer to limit the growth of Social Security benefits would cost the average retiree less than $50 in the first year. But the cuts would grow over time, and that has advocates for seniors worried that Democrats in Congress will break their promise to shield the massive retirement and disability program from cuts in deficit reduction talks.

Wednesday - 12/19/2012, 02:01pm EST

Compromise hits highest/lowest incomes

In the fiscal-cliff talks, it now appears that both sides have blinked. Republicans appear willing to accept some higher taxes and Democrats seem to have agreed that Social Security's growing costs must be curtailed. Slightly and slowly. So how will the proposals affect you? Check out Senior Correspondent Mike Causey's column.

Wednesday - 12/19/2012, 02:00am EST
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