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Search Tags: Steve Bell
Budget analyst Steve Bell says there is "no chance" Congress will be able to pass a plan to avoid sequestration — the automatic, across-the-board cuts that would go into effect Jan. 2, 2013, as part of last summer's deficit deal.
Congress returns to session this week with a few short months to reach a budget resolution for the new fiscal year starting Oct. 1 and agree on how to avoid the automatic spending cuts of $1.2 trillion over the next decade that will be triggered Jan. 2, 2013, under the Budget Control Act debt limit deal. But don't expect much to get accomplished before the election, say budget experts.
Tags: Bipartisan Policy Center , Julie Tagen , NARFE , Beth Moten , AFGE , Colleen Kelley , NTEU , pay and benefits , budget , Congress , Budget Control Act , sequestration , workforce , retirement , Robert Tobias , American University
Steve Bell, senior director of the Economic Policy Project at the Bipartisan Policy Center, told The Federal Drive with Tom Temin that unless something dramatic happens the budget will have about $1 trillion for the next 10 years.
Steve Bell, senior director of the Bipartisan Policy Center's Economic Policy Project, says while the President's proposed budget includes some interesting details for feds, none of them are likely to become law.
After seven short-term spending bills and three threats of a government shutdown this calendar year, Congress is ready to pass a spending deal with a Friday midnight deadline. But today's expected passage of an omnibus spending bill for fiscal year 2012, which started Oct. 1, is not the end of federal managers' budget worries.
Between ongoing 2012 budget negotiations and the automatic cuts triggered by the supercommittee, Steve Bell, senior director of the Bipartisan Policy Center's Economic Policy Project, says this is as good as it's going to get for federal employees for the foreseeable future.
Steve Bell, the senior director of economic policy at the Bipartisan Policy Center, joined the Federal Drive with Tom Temin and Amy Morris to provide an update into how the supercommittee is coming along and what it all means for the federal budget and federal employees.
The Senate passed a continuing resolution to extend spending six weeks beyond the current fiscal year, ending on Friday. The House plans to vote Monday on the bill which funds government until Nov. 18. But on Nov. 23 is another important budget date — the joint select committee on deficit reduction must submit its recommendations to Congress on ways to reduce $1.2 trillion to $1.5 trillion in cuts over the next decade.
It's August 3 and the debt ceiling still hasn't been raised. Now what? Steve Bell, senior director of the Economic Policy Project at the Bipartisan Policy Center offers insight.