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Search Tags: Congress
For the first time since the government shutdown ended two weeks ago, House and Senate lawmakers are sitting down at the table to negotiate about the fiscal 2014 budget. At the top of the agenda will be what to do about the automatic budget cuts known as sequestration that have ensnared what remained of the traditional budget process this year. However, budget experts and insiders say sequestration is likely to stick around -- at least in some form -- and about the best agencies can hope for is a small-bore deal that grants them some greater flexibility in implementing the cuts, these experts said.
Tucked away inside the bipartisan budget deal announced with much fanfare this week is a proposal limiting the maximum level contractors can charge the government to pay the salaries of their top executives to nearly half of what it is currently. But it may not be the final word on the issue on the sticky issue of contractor compensation. the budget deal's proposed changes to taxpayer-funded contractor salaries are competing with another piece of bipartisan legislation currently before Congress. The annual Defense Authorization Act seeks to lower the compensation limit but by far less than the budget deal.
Congress went after federal workers and retirees with a meat ax. But instead the new budget agreement is more of a kick in the shins for feds who have yet to be hired, Senior Correspondent Mike Causey says.
On this week's Capital Impact show, Bloomberg Government analysts participate in a roundtable discussion of the budget deal, the Volker Rule, and Bitcoin.
December 12, 2013
Tags: acquisition , budget , budget 2014 , Paul Ryan , Volker Rule , banking regulation , Bitcoin , Allen Scott , Melissa Avstreih , Nela Richardson , Chris Payne , Bloomberg Government , Capital Impact
Any relief the Air Force gets from a pending budget deal will be pushed into rebuilding lost military readiness, not bolstering investment programs, a top acquisition official said Wednesday.
More than a dozen industry technology and business groups are asking the House to adopt language in the Senate's Commerce, Justice, Science appropriations bill that would focus on risk when buying technology products and services from companies that have connections to China.