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Search Tags: Paul Ryan
The House handily approved a bipartisan bill requiring the Obama administration to provide more information about how automatic, across-the-board cuts, known as sequestration, will be implemented starting in January. While the vote cut across party lines, lawmakers continue to disagree about ways to come up with alternatives.
Even as they press cuts to food stamps and a host of other domestic programs, Republicans running the House of Representatives are shielding their own office expense accounts from further cuts.
The GOP-controlled House passed legislation Thursday requiring federal workers to contribute more toward their retirement. The Sequester Replacement Act of 2012 proposed gradually increasing federal employees' pension contributions by 5 percent over five years as an alternative to sequestration.
A plan to avoid automatic cuts to discretionary federal spending, including the Defense Department's, advanced in the House, passing the budget committee and heading to the House floor for a vote later this week. Among the $300 billion in alternative cuts approved by the committee, in a 21-9 party-line vote, is a provision requiring federal employees to pay more for their retirement benefits.
The House Oversight and Government Reform Committee is marking up legislation today that would increase federal employees' contributions to their pension by 5 percent over five years.
A top official at the Office of Management and Budget said it's "premature" to begin planning for the automatic, across-the-board cuts that will go into effect Jan. 2, 2013, if Congress cannot reach a deal to reduce the deficit by $1.2 trillion over the next decade.
President Obama said the fiscal 2013 passed by the Republican-controlled House will cut into crucial federal services.
After rejecting a bipartisan compromise and President Obama's budget Wednesday, the House prepares to vote on a Republican plan that calls for an extension of the federal pay freeze through 2015, increased federal retirement contributions and a reduction of the federal workforce by 10 percent.