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Search Tags: Sequestration
If a compromise does not take place by Jan. 2, sequestration will kick in potentially causing challenges for federal agencies and contractors. So do federal agencies and contractors have plans in place or are they crossing their fingers in the meantime?
Certified Financial Planner John Jilek answers your questions about how sequestration and furloughs would affect your TSP.
March 11, 2013
In order to counter funding reductions due to sequestration, Customs and Border Protection has begun sending furlough notices to many of its 60,000 employees. An officer in the union representing CBP agents says these measures amount to a 40 percent reduction in salaries.
Congress missed the deadline to avert sequestration last week. And now a deadline to prevent a government shutdown at the end of the month is barreling toward lawmakers. But members of both chambers and from both sides of the aisle say they're confident they can work out a deal to keep the government running.The likely sticking point is how the the automatic budget cuts, known as sequestration, will continue to play out. House Democratic Whip Steny Hoyer (D-Md.) and Sen. Tom Coburn (R- Okla.) discuss the continuing resolution and sequestration on In Depth with Francis Rose.
Ever wonder what feds who work at airports actually do? Many people complain that they mostly slow down important people, like us, who are on a mission or heading for vacation. But it turns out that they do some pretty dramatic and important stuff all the time, Senior Correspondent Mike Causey says.
The Protecting America's Civilian Employees Act would require the Office of Management and Budget to submit a plan to Congress on how they would cut spending without harming the federal workforce.
Senior Correspondent Mike Causey asks: If furloughs come to your agency, will you treat them like a surprise budget vacation, or would that 20 percent per week pay cut put you under water? And is there a place where you can get an emergency, no-interest loan?