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Search Tags: sequestration
Senate Democrats and Republicans released a 2013 government funding bill Monday that includes language to extend the federal pay freeze through the end of the calendar year, while providing additional funding for domestic priorities like health research and highway projects.
The Department of Housing and Urban Development will furlough all 9,000 of its employees for seven days between May and August in a bid to reduce costs due to sequestration. All employees, including career employees, will be furloughed the same number of days, which will effectively result in a shutdown of the department on those days.
If a compromise does not take place by Jan. 2, sequestration will kick in potentially causing challenges for federal agencies and contractors. So do federal agencies and contractors have plans in place or are they crossing their fingers in the meantime?
Certified Financial Planner John Jilek answers your questions about how sequestration and furloughs would affect your TSP.
March 11, 2013
In order to counter funding reductions due to sequestration, Customs and Border Protection has begun sending furlough notices to many of its 60,000 employees. An officer in the union representing CBP agents says these measures amount to a 40 percent reduction in salaries.
Congress missed the deadline to avert sequestration last week. And now a deadline to prevent a government shutdown at the end of the month is barreling toward lawmakers. But members of both chambers and from both sides of the aisle say they're confident they can work out a deal to keep the government running.The likely sticking point is how the the automatic budget cuts, known as sequestration, will continue to play out. House Democratic Whip Steny Hoyer (D-Md.) and Sen. Tom Coburn (R- Okla.) discuss the continuing resolution and sequestration on In Depth with Francis Rose.
Ever wonder what feds who work at airports actually do? Many people complain that they mostly slow down important people, like us, who are on a mission or heading for vacation. But it turns out that they do some pretty dramatic and important stuff all the time, Senior Correspondent Mike Causey says.