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Search Tags: Congress
With the failure of the supercommittee — tasked with cutting $1.2 trillion from the federal deficit — to strike a deal, Congress is back to square one, said David Hawkings, editor of the CQ Roll Call Daily Briefing in an interview on In Depth with Francis Rose.
The warning comes a week after the failed negotiations by the deficit reduction supercommittee. Without a deal, automatic across-the-board cuts of $1.2 trillion are set to begin in January 2013.
The point man for carrying out President Barack Obama's health care law will be stepping down after Republicans succeeded in blocking his confirmation by the Senate, the White House announced Wednesday.
President Obama has requested $166.5 million to fight computer crime over the next year, and Congress has approved every penny.
Todd Harrison, a senior fellow at the Center for Strategic and Budgetary Assessments, joined the Federal Drive with Tom Temin and Amy Morris to discuss how sequestration will affect defense managers and contractors. He said the threat of automatic, across-the-board cuts from sequestration will hang over DoD for the next year.
Bernie Becker, a staff writer for The Hill newspaper, joined the Federal Drive with Tom Temin and Amy Morris to discuss the myriad budget uncertainties facing Congress and federal agencies.
The Postal Service has hired Evercore Partners, a New York-based investment bank, to evaluate proposed changes to its operations, compensation and benefits. Evercore has advised General Motors and other large, troubled companies. USPS said it needs to cut annual expenses by $20 billion by 2015.
Congress' failed deficit-cutting supercommittee has faded away, but the pressure on lawmakers to quickly confront a stack of expensive economic issues is only growing, including keeping the government open past a mid-December funding deadline.
Tom Shoop is the editor-in-chief of Government Executive.