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4:57 pm, November 24, 2014

Congressional, White House Action on Sequestration

Fed groups pounce on Obama's COLA-cutting proposal

In the latest proposals traded back and forth between the White House and Boehner, the President proposed changing the formula the Labor Department uses to measure inflation — which would reduce annual COLAs for Social Security beneficiaries, including federal and military retirees. Federal-employee unions and groups remain worried the COLA proposals are still very much on the table.

Tuesday - 12/18/2012, 05:10pm EST

In deficit talks, fed groups fear alternatives could cut benefits

Many in government are worried about the threat of sequestration, the across-the-board budget cuts set to take effect in January unless Congress and the White come up with an alternative deficit-cutting plan. But federal employee groups and sympathetic lawmakers are also concerned about such alternatives -- if they contain changes to federal employee pay or compensation. Rep. Chris Van Hollen (D-Md.) and a slate of federal-employee unions and groups are warning of such proposals in the deficit talks to replace sequestration.

Wednesday - 12/12/2012, 08:24pm EST

Lawmakers laying odds against sequester taking place

Sens. Mark Warner and Bob Corker and Rep. Chris Van Hollen all believe there is at better than a 50 percent chance Congress and the White House will agree on a budget reduction plan before Jan. 1. But federal pay and benefits, and contract spending remain on the table to be part of the cuts.

Thursday - 12/06/2012, 05:55am EST
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How far over the 'fiscal cliff' could they go?

The dealmakers who warn that a year-end plunge off the "fiscal cliff" would be disastrous don't seem to be rushing to stop it. Why aren't they panicking?

Thursday - 12/06/2012, 02:57am EST

GOP senator offers 'fiscal cliff' solution

A freshman GOP senator is jumping into the debate on how to avoid a "fiscal cliff" of tax hikes and automatic spending cuts, advocating a mix of tax increases with curbs on Social Security and Medicare benefits.

Tuesday - 11/27/2012, 02:40am EST

Tips for following the 'fiscal cliff' negotiations

President Barack Obama and leaders of the lame-duck Congress may be just weeks away from shaking hands on a deal to avert the dreaded "fiscal cliff." So it's natural to wonder: If they announce a bipartisan package promising to curb mushrooming federal deficits, will it be real?

Saturday - 11/24/2012, 02:43pm EST

Warner hopeful feds won't feel a budget 'jolt'

Sen. Mark Warner (D-Va.) told The Federal Drive with Tom Temin and Emily Kopp that a large number of lawmakers from both parties support a plan that raises more revenues and recognizes that entitlement programs have got to be made viable over the long term.

Monday - 11/19/2012, 12:30pm EST
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Fiscal cliff negotiators are facing high hurdles

The White House and leaders on the Hill will have to resolve deep political and fiscal disagreements that have stymied them time after time despite repeated promises to overcome them.

Monday - 11/19/2012, 03:37am EST

Obama talks Petraeus probe, reforming government in post-election news conference

In his first news conference since Election Day, President Barack Obama took questions from reporters on a range of issues, including impending across-the-board budget cuts and the widening sex scandal that ensnared CIA Director David Petraeus.

Wednesday - 11/14/2012, 05:36pm EST
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Congress faces agenda of unfinished business

Averting sequestration sits atop the to-do as Congress returns Tuesday from a seven-week election break to a long list of unfinished business.

Tuesday - 11/13/2012, 05:46am EST

Will election results mean more gridlock on budget, sequestration?

President Barack Obama's victory over Republican Challenger Mitt Romney didn't come as a surprise to anyone who was following the pre-election polls. Few surprises occurred in the congressional races as well, which suggested a return of the status quo in Washington and continued gridlock ahead.

Wednesday - 11/07/2012, 05:03am EST
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Panetta calls on lame duck Congress to resolve sequestration

Pentagon makes one more plea for a resolution to sequestration. A regular budget, an annual authorization bill and a resolution to the fight over cybersecurity laws would be helpful as well.

Friday - 10/26/2012, 05:24am EDT
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Sequestration will not happen, Obama says in final debate

During Monday night's debate, President Barack Obama and Republican challenger Mitt Romney discussed their different approaches to cutting the budget, particularly in the area of military spending. Romney criticized the Obama administration for proposing cuts to military spending, particularly through sequestration. Obama countered sequestration would not happen, and he said he would maintain military spending based on the needs of the Defense Department.

Tuesday - 10/23/2012, 06:31am EDT

Issa seeks answers on layoff notices from defense companies

Chairman of the House Oversight and Government Reform Committee Darrel Issa (R-Calif.), wrote to the heads of 10 defense companies seeking information about the legal justification for not issuing notices of potential layoffs due to the across-the-board defense cuts set to go into effect Jan. 2. If contractors don't issue the notices and contracts are, in fact, terminated or modified, then agencies will pick up the contract-termination and employee compensation costs, the Office of Management and Budget stated in guidance issued late last month. But Republican lawmakers have argued the White House doesn't have the legal authority to ask companies to not comply with the law.

Friday - 10/12/2012, 04:05pm EDT

Biden, Ryan wrangle over budget, defense cuts

Rep. Paul Ryan (R-Wis.) said President Barack Obama has failed to produce a workable budget plan, while Vice President Joe Biden said budgets introduced by Ryan "eviscerated all the things that the middle class cares about."

Friday - 10/12/2012, 07:01am EDT

Continuing resolution, Harriers, Israeli technology & prescription drug shortages

On this week's Bloomberg Government Capital Impact show, analysts will talk about what's next for sequestration, options for repairing the Harrier jet, technology that Israel could use to respond to the Iranian nuclear threat, and why certain medications may be in short supply.
October 4, 2012

Thursday - 10/04/2012, 06:07pm EDT
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Uncle Sam as Freddy Krueger

What do Uncle Sam and horror-movie star Freddy Krueger have in common? Not much, fortunately. But that could all change if an 8 percent cut kicks in Jan. 3 forcing furloughs curtailed services that impact everything from tax returns and Social Security claims to airline travel, Senior Correspondent Mike Causey says.

Friday - 09/28/2012, 02:00am EDT

Sequestration threat revives the F-word

As the make-or-break sequestration deadline draws closer, top federal officials are increasingly using (or at least thinking) the F-word, Senior Correspondent Mike Causey says.

Wednesday - 09/26/2012, 02:00am EDT

Senators call for bipartisan push to prevent sequestration

Six senators sent a letter to their Senate leaders asking for a bipartisan effort to end the threat of automatic, across-the-board budget cuts due to take effect in January.

Tuesday - 09/25/2012, 08:13am EDT

White House warns of 'deeply destructive' cuts in sequestration report

The across-the-board budget cuts, known as sequestration, set to take effect Jan. 2 would be "deeply destructive" to national security and core civilian agency programs, according to a comprehensive report from the White House detailing the impact of the cuts on specific programs and accounts. The $109 billion in cuts coming next year — split evenly between Defense civilian agency budgets — would slash Defense discretionary spending by 9.4 percent and civilian agency spending by 8.2 percent.

Friday - 09/14/2012, 02:39pm EDT
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