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Search Tags: sequestration
Ever watch an inept team of trainees assemble then take apart an explosive device? If not, move to D.C. or watch live coverage of Congress on TV. With Congress, you get the political version which, more often than not, ends in a whimper rather than a bang, Senior Correspondent Mike Causey says.
Faced with congressional inaction in averting looming across-the-board cuts that take effect in January, the Office of Management and Budget will begin meeting with agency leaders to discuss how the cuts will be implemented. In a memo to agency heads, OMB Director Jeff Zients said his office will consult with agencies to determine which budget accounts and programs are exempt from sequestration.
Small and medium-sized contractors and suppliers receive 75 percent of appropriated dollars for defense or military programs. But these small businesses, who lack the lobbying power of top- tier defense contractors, may suffer more from sequestration than big companies.
Defense industry executives have spent the last few weeks warning that across-the-board budgets cuts that go into effect in January, could force them to issue notifications to employees in the fall to warn of impending layoffs. However, in a new memo issued Monday, the Labor Department said the lack of clarity about how the cuts would be applied means it would be "inappropriate" to issue Worker Adjustment and Retraining Notification (WARN) Act notifications.
With a tighter defense budget and the threat of sequestration, defense contractors say they may have to lay off thousands of workers and look for business overseas.
Good news, bad news. The good news is that the end of the world — in your case, maybe extended furloughs or even a layoff — is likely to be extended. Things are currently scheduled to go boom early next January. But there are signs that Congress may delay the day of reckoning until March or April of 2013. Now your only worry is the Mayan calendar, Senior Correspondent Mike Causey says.
Pentagon hiring freeze for civilian employees will last several more years, although Defense Department leaders say they'll grant exemptions to give the department flexibility.
Legislation forcing the White House to explain how the across-the-board budget cuts known as sequestration will affect individual agencies is now waiting for President Barack Obama's signature. The Senate unanimously approved the Sequestration Transparency Act of 2012 Wednesday, which requires the administration to detail within 30 days how the $1.2 trillion over 10 years in automatic cuts will be applied. The House passed its version of the bill last week in a 414-2 vote.
AFGE's Public Policy Director Jacque Simon and
Stephen Losey and Sean Reilly of the Federal Times
will talk about the big issues affecting federal
July 25, 2012