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Search Tags: Budget Control Act
How will the Budget Control Act impact national security? "We will no longer be immune from coercion," said Joint Chief's Chairman General Martin Dempsey, speaking at the Aspen Security Forum. Dempsey borrowed the original quote by Creighton Edwards in 1974 to illustrate concerns about how budget cuts will affect the U.S. Moving forward, Dempsey said, "if we stay on this path, we will no longer be as immune as you think we should be."
The Army says it is now replacing funds in its readiness accounts that were depleted when cuts under sequestration first kicked in a year ago. But last year's readiness problems are likely to repeat in 2016 and beyond if Congress allows the automatic Defense cuts in current law to persist.
On this week's Capital Impact show, Bloomberg Government analysts discuss cuts made by Congress to the defense budget, and the winners and losers in this budget battle.
January 23, 2014
Tags: acquisition , contracting , DoD , DoD budget , Congress , military acquisition programs , defense contracting , Allen Scott , Kevin Brancato , Robert Levinson , Capital Impact , Bloomberg Government
Pentagon Comptroller Robert Hale told In Depth with Francis Rose Friday the Defense Department will not be cutting any more furlough days for Fiscal 2013. Now, DoD is waiting for Congress to finish marking up the president's budget request. If it fails to do that before Oct. 1, Hale said his agency may be forced to trim $52 billion from next year's budget to offset automatic cuts from the Budget Control Act.
With fewer new federal contracts on the horizon, vendors are trimming staff, changing direction and hedging their bets as sequestration plays out, according to the results of an exclusive Federal News Radio survey. Contractors are also blaming sequestration for low morale in their offices.
Tags: sequestration , Private Side of Sequestration , Evan Lesser , Stephen Fuller , Ward Carroll , Cameron Leuthy , Bob Lohfeld , Mary Beth Romani , Chris Romani , workforce , hiring , furloughs , budget , Michael OConnell , management
Tags: Stephen Fuller , Aerospace Industries Association , sequestration , DoD , Congress , House Armed Services Committe , budget , Congressional Research Service , John McCain , Marion Blakey , Jeffrey Zients , Ashton Carter
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.
Civilian agency payrolls would be most vulnerable under automatic budget cuts set to kick in on Jan. 2. A new AIA and George Mason University study claims 229,000 non-defense federal jobs would be eliminated.
Tags: Congress , sequestration , workforce , pay and benefits , Marion Blakey , Aerospace Industries Association , Stephen Fuller , George Mason University , Jeanne Shaheen , Kelly Ayotte , Gordon Adams , Jared Serbu
Benjamin Friedman, a CATO Institute research fellow, said sequestration prevents intelligent spending cuts, but that doesn't necessarily mean DoD lacks room to make smarter ones.
In two memoranda released late Friday, the Office of Management and Budget told agency heads they must cut 5 percent from their 2014 budgets and use evidence-based evaluations.