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- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
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- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Value of Health IT
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Shows & Panels
Search Tags: sequestration
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.
A top official at the Office of Management and Budget said it's "premature" to begin planning for the automatic, across-the-board cuts that will go into effect Jan. 2, 2013, if Congress cannot reach a deal to reduce the deficit by $1.2 trillion over the next decade.
The Veterans Affairs Department should be exempt from the automatic across-the-board cuts — or sequestration — laid out in last summer's Budget Control Act, according to an April 23 letter from the Office of Management and Budget.
BCA does not specify how those cuts would be implemented. One interpretation is every program is cut by the same amount, which would be by about 13 percent. The other interpretation of the act is the overall spending would have to be reduced by 13 percent and the Pentagon could pick and choose the programs to cut, said Kevin Brancato, a defense analyst for Bloomberg Government.