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OMB to Congress: Sequestration impact 'real,' but furloughs not immediate

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.

Tags: Congress , Senate , Senate Appropriations Committee , Barbara Mikulski , Danny Werfel , Ashton Carter , OMB , furloughs , Jack Moore

Thursday - 02/14/2013, 05:50pm EST
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Former Deputy Defense Secretary Bill Lynn on the timeline of defense sequestration planning

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.

Tags: Francis Rose , In Depth , Pentagon Solutions , Bill Lynn ,

Thursday - 02/14/2013, 08:10pm EST
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Democrats to unveil bill to replace budget cuts

Tags: Senate , Congress ,

Thursday - 02/14/2013, 06:10pm EST

Civilian discretionary spending under scrutiny

On this week's Bloomberg Government show, nine programs that make ideal targets for budget cuts.
February 7, 2013

Tags: Bloomberg Government , Allen Scott , Cameron Leuthy , Loren Duggan , budget

Thursday - 02/07/2013, 04:50pm EST
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September Defense spending spree takes on new urgency

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.

Tags: OMB , DoD , Kevin Brancato , Bloomberg Government , Federal Drive , budget ,

Wednesday - 06/06/2012, 09:08am EDT
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13 defense executives bemoan uncertainty of cuts

Defense industry executives criticize the impending sequestration, which they say would lead to the loss of more than 1 million defense-related jobs.

Tags: John McCain , Joe Lieberman , DoD , industry , Northrop Grumman , Boeing , Congress , Senate

Tuesday - 09/11/2012, 09:02am EDT

Lockheed, BAE say they won't issue layoff notices if sequestration takes effect

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.

Tags: Lockheed Martin , budget , layoff , WARN , contractor

Tuesday - 10/02/2012, 08:40am EDT

What could possibly go wrong?

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.

Tags: Mike Causey , pay and benefits , workforce , furloughs

Thursday - 02/14/2013, 02:00am EST

Sequestration, furloughs, federal pay raise, and more

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

Tags: pay and benefits , furlough , Federal Workers , contractors , Colleen Kelley , NTEU , Federal Times , Stephen Losey , federal pay raise , budget cuts , OMB , AFGE , Your Turn , Mike Causey

Wednesday - 02/13/2013, 07:34pm EST
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