On this week's Capital Impact show, guests discuss how the Paul Ryan budget plan would affect federal spending, how NASA would be affected by sequestration, and two new mobile apps for this year's Democratic and Republican conventions. August 16, 2012
Host Mike Causey moderates a roundtable discussion of sequestration, postal service buyouts, and more. August 15, 2012
Mitt Romney's vice-presidential nominee, Rep. Paul Ryan (R-Wis.), was the main architect of a budget plan that would slash federal benefits and would extend the pay freeze.
Legislation forcing the White House to explain how the across-the-board budget cuts known as sequestration will affect individual agencies is now waiting for President Barack Obama's signature. The Senate unanimously approved the Sequestration Transparency Act of 2012 Wednesday, which requires the administration to detail within 30 days how the $1.2 trillion over 10 years in automatic cuts will be applied. The House passed its version of the bill last week in a 414-2 vote.
The House handily approved a bipartisan bill requiring the Obama administration to provide more information about how automatic, across-the-board cuts, known as sequestration, will be implemented starting in January. While the vote cut across party lines, lawmakers continue to disagree about ways to come up with alternatives.
Congress is demanding more answers about how $1.2 trillion in budget cuts set to take effect in January will be applied across the government. The House Budget Committee Wednesday unanimously approved a bill directing the Obama administration to provide Congress a report that provides specific details about how the spending cuts will affect federal agencies and programs. Meanwhile, the House Armed Services Committee formally requested that the head of the Office of Management and Budget, Jeff Zients, testify before the committee on the "mechanics and impact" of the automatic cuts.
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.
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.
The House Oversight and Government Reform Committee is marking up legislation today that would increase federal employees' contributions to their pension by 5 percent over five years.
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.
Issues related to federal employees and their pay and benefits have played a starring role in the competing budget proposals introduced by the White House and lawmakers alike. Find highlights from how the proposed budgets would affect federal employees as well as how they've fared so far in Congress
Sen. Barbara Mikulski (D-Md.) is asking the Treasury secretary to block efforts to increase the amount federal employees must contribute to their pensions.
Updated April 18, 2011. This story has been corrected to state a three-year freeze instead of a five-year freeze. Comments in the press conference noted a five-year freeze. By Jolie Lee Federal News Radio House…
Military Times reports that defense and veterans programs may get funding cuts in the upcoming budget battle.
Congress must pass another funding measure to keep the government operating past March 4. House Republicans are calling for big cuts to current spending levels. This as President Obama gets set to release his 2012 budget request February 14.