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Search Tags: sequestration
Obama administration officials are painting a bleak picture of how federal agencies would fare under sequestration, the automatic budget cuts slated to go into effect in two weeks. The Senate Appropriations Committee heard testimony from several Obama administration officials about the consequences of the cuts, which are set to take effect March 1. However, Danny Werfel, controller of the Office of Management and Budget, emphasized to the committee that employee furloughs would not be immediate.
Bill Lynn, former deputy secretary of Defense and now chief executive officer of DRS Technologies, joins Pentagon Solutions with Francis Rose to discuss how the Pentagon has prepared for the automatic, across-the-board budget cuts.
On this week's Bloomberg Government show, nine programs that make ideal targets for budget cuts.
February 7, 2013
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