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Search Tags: Sequestration
With sequestration now in effect, the Defense Department says it will have to begin to make decisions that cross the threshold between "reversible" cuts to military capability and those that will have long-lasting impacts.
Sequestration is officially a reality for federal employees and agencies. President Barack Obama signed the sequestration order into effect Friday night. After more than 15 months, fierce debate and a delay at the beginning of the year, the $85 billion in automatic, across-the-board budget cuts are officially here. Find out what steps civilian agencies and the Pentagon are taking, including employee furloughs. Plus find out what comes next in terms of negotiations between the White House and Congress.
Small firms already have taken a disproportionate hit from DoD's pullback in 2013 spending, Pentagon officials say. Military acquisition leaders worry the sudden cuts will bankrupt small businesses that provide one-of-a-kind capabilities.
Tags: DoD , sequestration , Army , Navy , Air Force , Sean Stackley , Heidi Shyu , Charles Davis , Jared Serbu , small business , defense industrial base , industry , contracting , House Armed Services Committe
If there is a partial shutdown of government services, now or later, politicians will blame each other. But the big losers will be federal workers in IRS and Social Security offices, and TSA screeners at airports who are going to take the heat, Senior Correspondent Mike Causey says.