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House OKs bill increasing feds' retirement contributions

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.

Tags: House , Congress , Paul Ryan , budget , pay and benefits , retirement , retirement contribution

Thursday - 05/10/2012, 05:32pm EDT

Agencies may cut $4.6 billion to spare veterans

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.

Tags: Robert Levinson , Bloomberg Government , Veterans Affairs , DoD , Federal Drive

Thursday - 05/10/2012, 07:38am EDT
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Analysis: In sequester, managers should start planning for workforce reductions

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.

Tags: Steve Bell , Bipartisan Policy Center , budget , Congress

Thursday - 05/10/2012, 10:26am EDT
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Federal pension hike advances as part of House alternative to automatic cuts

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.

Tags: Congress , House , budget , Paul Ryan , pay and benefits , retirement , Jack Moore

Monday - 05/07/2012, 09:11pm EDT

Top issues affecting contractors

Professional Services Council President and CEO Stan Soloway will talk contracting with host Mark Amtower.
May 7, 2012

Tags: acquisition , contracting , PSC , Stan Soloway , government contracting , LPTA , Mark Amtower , Amtower Off Center

Monday - 05/07/2012, 08:37pm EDT
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Sequestration would mean 12.1 percent cut to agency spending

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.

Tags: Congressional Research Service , budget , Congress , Jolie Lee

Wednesday - 05/02/2012, 05:30am EDT

OMB: No contingency plans yet for sequestration

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.

Tags: Danny Werfel , OMB , Congress , Paul Ryan , budget ,

Wednesday - 04/25/2012, 02:19pm EDT

OMB says VA should be exempt from sequestration cuts

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.

Tags: Steven Aitken , OMB , VA , budget , GAO , Jolie Lee

Tuesday - 04/24/2012, 09:45am EDT

Budget Control Act unclear about how to make DoD sequestration cuts

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.

Tags: Kevin Brancato , Bloomberg Government , Federal Drive , budget , management ,

Thursday - 04/12/2012, 09:59am EDT
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Budget glass is more than half full for Navy, Marine Corps

Navy and Marine Corps officials are upbeat about how they'll fare under the current round of budget cuts. Navy Department officials said the strategy DoD developed following the passage of the Budget Control Act aligns perfectly with the capabilities of the maritime services.

Tags: DoD , Navy , Marine Corps , budget , Budget Control Act , Robert Work , Buck McKeon , Ray Mabus

Thursday - 04/19/2012, 05:09am EDT
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