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A glance at automatic spending cuts for 2013

The Congressional Budget Office says caps on new, Congress-approved spending on defense programs will be reduced from 10 percent in 2013 to 8.5 percent in 2021, with savings of $454 billion.

Tags: budget , DoD , Congressional Budget Office

Tuesday - 11/22/2011, 03:32am EST

Obama will veto any efforts to undo automatic cuts

President Obama said he would veto any efforts to undermine the automatic spending cuts that will go into effect because the debt reduction supercommittee failed to come up with a deal today.

Tags: Barack Obama , debt , Congress

Monday - 11/21/2011, 08:01pm EST

Supercommittee failure not end of budget story

CQ Roll Call reporter Meredith Shiner has an update on the supercommittee talks on its deadline day.

Tags: Meredith Shiner , CQ Roll Call , Congress , In Depth , budget

Monday - 11/21/2011, 05:06pm EST
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Amendment to defense authorizations would cap contractor pay

An amendment to the 2012 Defense Authorization Bill would cap taxpayer-funded contractor compensation at $400,000. Under current executive compensation limits set in 1998, contractors can charge up to $693,951 for the salaries of their top five executives.

Tags: contracting , acquisition , Senate , Barbara Boxer , Chuck Grassley , industry , Congress ,

Monday - 11/21/2011, 08:20am EST

Monday morning federal headlines - Nov. 21, 2011

The Morning Federal Newscast is a daily compilation of the stories you hear Federal Drive hosts Tom Temin and Amy Morris discuss throughout the show each day. The Newscast is designed to give FederalNewsRadio.com users more information about the stories you hear on the air.

Thursday morning federal headlines - Nov. 17, 2011

The Morning Federal Newscast is a daily compilation of the stories you hear Federal Drive hosts Tom Temin and Amy Morris discuss throughout the show each day. The Newscast is designed to give FederalNewsRadio.com users more information about the stories you hear on the air.

Tags: Federal Drive , budget ,

Thursday - 11/17/2011, 08:04am EST

Congress hops aboard the minibus

Congress crafted a partial measure to fund some agencies through fiscal year 2012 and extend a continuing resolution for others. Erik Wasson of The Hill acknowledges that the current budget process has been the most complicated he's seen.

Tags: Erik Wasson , The Hill , Congress , House , Senate , OMB , Jack Lew , John McCain , budget 2012 , Michael OConnell , DoD

Wednesday - 11/16/2011, 01:30pm EST
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Details about supercommittee cuts remain elusive

With a week until the deficit panel's deadline, Bill Frenzel, a guest scholar of economic studies at the Brookings Institution, said details about what will be cut and by how much remain up in the air. "At the point, we don't know where any of these axes are going to fall," he said.

Tags: Congress , House , Senate , budget , Bill Frenzel , Brookings Institution , Federal Drive , Tom Temin , Amy Morris

Wednesday - 11/16/2011, 12:05pm EST
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