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Search Tags: supercommittee
David Berteau, senior vice president and director of the International Security Program and Ryan Crotty, a research associate with the CSIS Defense-Industrial Initiatives Group, joined Francis Rose for Pentagon Solutions. According to their research, the effect of sequestration on the defense budget may not be as catastrophic as Pentagon leaders have conjectured.
After seven short-term spending bills and three threats of a government shutdown this calendar year, Congress is ready to pass a spending deal with a Friday midnight deadline. But today's expected passage of an omnibus spending bill for fiscal year 2012, which started Oct. 1, is not the end of federal managers' budget worries.
The chairman of the House Armed Services Committee introduced a bill that cuts 10 percent of the federal workforce to avoid the first year of automatic cuts to the Defense Department.
Lawmakers are poised to spend $120 billion or so to renew a Social Security tax cut that averaged just under $1,000 per household this year.
Rep. Chris Van Hollen (D-Md.) said he's disappointed in the supercommittee's failure to reach a deal, and he called the looming automatic cuts launched by the sequester "draconian." If the deepest cuts are enacted — about 8 to 9 percent in cuts to annual agency budgets — feds should prepare for the worst, he said.
Future investments in science and technology projects may be at stake if Congress doesn't reduce the federal deficit, Maryland lawmakers said at a townhall at NASA's Goddard Space Center. Nonetheless, the center emerged a winner in 2012 budget negotiations, with full funding for its James Webb Space Telescope.
Furloughs, layoffs, more buyouts and shrinking pay and benefits. Those have all heightened the awareness of "Sequestration Anxiety," Tom Shoop, the editor-in-chief of Government Executive magazine, said in an interview on In Depth with Francis Rose.
OFPP Administrator Dan Gordon looks back on his tenure highlighting the successes of his office. Gordon will become the associate dean of contracts law at The George Washington University in January. He said improvements to the acquisition workforce and the implementation of strategic sourcing are among his accomplishments.
With the failure of the supercommittee — tasked with cutting $1.2 trillion from the federal deficit — to strike a deal, Congress is back to square one, said David Hawkings, editor of the CQ Roll Call Daily Briefing in an interview on In Depth with Francis Rose.
The warning comes a week after the failed negotiations by the deficit reduction supercommittee. Without a deal, automatic across-the-board cuts of $1.2 trillion are set to begin in January 2013.