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Search Tags: Sequestration Transparency Act
The White House plans to deliver a report to Congress late next week detailing how automatic, across-the-board cuts, set to take effect in January, will affect specific programs. The report is required under the Sequestration Transparency Act, which Congress overwhelmingly passed this summer and which the President signed on Aug. 7. The law directed the President to issue the detailed report within 30 days of signing it - a deadline that came this week and went unmet.
Faced with congressional inaction in averting looming across-the-board cuts that take effect in January, the Office of Management and Budget will begin meeting with agency leaders to discuss how the cuts will be implemented. In a memo to agency heads, OMB Director Jeff Zients said his office will consult with agencies to determine which budget accounts and programs are exempt from sequestration.
Legislation forcing the White House to explain how the across-the-board budget cuts known as sequestration will affect individual agencies is now waiting for President Barack Obama's signature. The Senate unanimously approved the Sequestration Transparency Act of 2012 Wednesday, which requires the administration to detail within 30 days how the $1.2 trillion over 10 years in automatic cuts will be applied. The House passed its version of the bill last week in a 414-2 vote.