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Search Tags: sequestration
The Office of Management and Budget estimates that $83.5 billion in previous years' Department of Defense funds will remain unobligated on Sept. 30, the end of fiscal 2012, reports Kevin Brancato and Robert Levinson of Bloomberg Government.
Defense industry executives criticize the impending sequestration, which they say would lead to the loss of more than 1 million defense-related jobs.
Lockheed Martin will not issue layoff notices — known as Worker Adjustment and Retraining Notification (WARN) notices — if the automatic, across-the-board cuts known as sequestration take effect Jan. 2.
Having set up the sequestration system that will trigger draconian automatic spending cuts, both political parties now say it shouldn't happen, that furloughs would have a catastrophic impact on the economy, national defense, maybe even the weather So, Senior Correspondent Mike Causey wants t know: What does it look like from where you stand -- and work.
Colleen Kelley, president of the National Treasury Employees Union, and Federal Times reporter Stephen Losey will discuss sequestration and other issues affecting federal workers.
February 13, 2013
The White House typically gives agencies both funding and policy updates for the upcoming budget request by Thanksgiving. This year OMB decided to hold off on passback guidance because of the current fiscal negotiations with Congress. Several senior agency officials said this lag will compress the timeline to respond to the information and require them to prepare for something that may never happen.
The Obama administration offered agencies new guidance on sequestration, telling agency leaders and federal-employee unions that sequestration won't have an immediate impact on the federal workforce or government operations even if the automatic budget cuts go into effect Jan. 2.
The House approved a bill Thursday requiring federal employees to contribute more toward their retirement as part of a broader deal to avert the the so-called fiscal cliff. The 2012 Spending Reduction Act is nearly identical to a measure passed by the House last spring.