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Search Tags: sequestration
In two memoranda released late Friday, the Office of Management and Budget told agency heads they must cut 5 percent from their 2014 budgets and use evidence-based evaluations.
In a Defense Department briefing Wednesday, Army Chief of Staff Gen. Raymond Odierno said service officials are closely examining the issue of women in infantry and armor ranks. Oiderno also said sequestration would thwart the Pentagon's existing plan for a streamlined force.
Hours after a key House committee voted to give the Pentagon more money than it asked for in next year's budget, Defense Secretary Leon Panetta said thanks, but no thanks. Panetta warned passing a $3 billion increase would set a showdown with the Senate and force sequestration to happen.
The GOP-controlled House passed legislation Thursday requiring federal workers to contribute more toward their retirement. The Sequester Replacement Act of 2012 proposed gradually increasing federal employees' pension contributions by 5 percent over five years as an alternative to sequestration.
The White House has declared the Department of Veterans Affairs off-limits to "sequestration" budget cuts, and that means other nondefense agencies may have to bear an additional $4.6 billion in reductions next year.
Budget analyst Steve Bell says there is "no chance" Congress will be able to pass a plan to avoid sequestration — the automatic, across-the-board cuts that would go into effect Jan. 2, 2013, as part of last summer's deficit deal.
A plan to avoid automatic cuts to discretionary federal spending, including the Defense Department's, advanced in the House, passing the budget committee and heading to the House floor for a vote later this week. Among the $300 billion in alternative cuts approved by the committee, in a 21-9 party-line vote, is a provision requiring federal employees to pay more for their retirement benefits.
Professional Services Council President and CEO Stan Soloway will talk contracting with host Mark Amtower.
May 7, 2012
Agencies could see a budget cut of 12.1 percent starting Jan. 2, 2013, if Congress does not come up with an alternative to sequestration. The estimated reduction comes from a new report by the Congressional Research Service.