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Search Tags: sequestration
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
On the In Depth show blog, you can listen to the interviews, find more information about the guests on the show each day and links to additional resources. Stan Soloway, president and CEO of the Professional Services Council, discusses whether sequestration can be averted.
On this week's Bloomberg Government Capital Impact show, analysts will discuss the benefits of electronic health records, and legislation that could make its way through Congress before the sequestration deadline.
The House handily approved a bipartisan bill requiring the Obama administration to provide more information about how automatic, across-the-board cuts, known as sequestration, will be implemented starting in January. While the vote cut across party lines, lawmakers continue to disagree about ways to come up with alternatives.
Civilian agency payrolls would be most vulnerable under automatic budget cuts set to kick in on Jan. 2. A new AIA and George Mason University study claims 229,000 non-defense federal jobs would be eliminated.
Tags: Congress , Budget Control Act , workforce , pay and benefits , Marion Blakey , Aerospace Industries Association , Stephen Fuller , George Mason University , Jeanne Shaheen , Kelly Ayotte , Gordon Adams , Jared Serbu
Roughly five months until across-the-board budget reductions, known as sequestration, are set to kick in, the Aerospace Industries Association unveiled a new report Tuesday that warned of jobs losses, billions in losses to the economy and a blow to wages from the $1.2 trillion, 10-year cuts in defense and domestic programs. The report comes amid a cacophony of election-year demands and partisan backbiting over how to avert the impending cuts that will only grow louder in the coming weeks. Lawmakers agree that it's imperative that Congress move swiftly before the November election to avert the cuts, but have offered wide variations on a solution.