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Search Tags: Paul Ryan
The two employee unions say lawmakers shouldn't make up for sequestration cuts by forcing federal employees to contribute more to their retirement. House and Senate legislators are working on a small-scale budget deal that reportedly includes a provision to alter federal retirement benefits.
When House and Senate lawmakers kicked off formal budget negotiations this week for the first time since the government shutdown ended, both Republicans and Democrats said replacing sequestration, the blunt across-the-board budget cuts, with an alternative plan would be a top priority. The sticking point remains how to pay for it. Federal-employee unions and advocacy groups fear federal pay and benefits will once again be on the table.
On this week's Bloomberg Government Capital Impact show, analysts will compare the House and Senate budget proposals, and discuss sequestration's impact on the economy.
March 21, 2013
Tags: acquisition , budget battle , budget cuts , health care , continuing resolution , sequestration , Bloomberg Government , Loren Duggan , Cameron Leuthy , Nela Richardson , Allen Scott , Capital Impact
House Budget Committee Chairman Paul Ryan (R-Wis.) asked auditors to review five different areas of sequestration. The Government Accountability Office will examine the actual sequestration order, as well as the July 31 memo to agencies from the Office of Management and Budget. He also wants GAO to look at any supporting reports, regulations and orders for compliance with the Budget Control Act, the Balanced Budget and Emergency Deficit Control Act, and other relevant statutes.