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Civilian agency payrolls would be most vulnerable under automatic budget cuts set to kick in on Jan. 2. A new AIA and George Mason University study claims 229,000 non-defense federal jobs would be eliminated.
Roughly five months until across-the-board budget reductions, known as sequestration, are set to kick in, the Aerospace Industries Association unveiled a new report Tuesday that warned of jobs losses, billions in losses to the economy and a blow to wages from the $1.2 trillion, 10-year cuts in defense and domestic programs. The report comes amid a cacophony of election-year demands and partisan backbiting over how to avert the impending cuts that will only grow louder in the coming weeks. Lawmakers agree that it's imperative that Congress move swiftly before the November election to avert the cuts, but have offered wide variations on a solution.
Letter, sent to 15 large vendors, asks for estimated impacts of sequestration on defense contractors.
Chairman of the Joint Chiefs of Staff, Gen. Martin Dempsey, in a visit to the Offutt Air Force Base in Nebraska, discussed the challenges facing the Defense Department. Also, Sen. Kelly Ayotte (R-N.H.) discussed the challenges of sequestration in a keynote address at a Brookings Institution event.
Legislation requiring Defense Department to disclose budget-cutting contingency plans would be attached to 'every bill that walks'
The Pentagon is telling lawmakers military retirees' share of health care costs is going to have to increase if it's going to meet the budget targets Congress and the President handed over with last year's budget control act.