Now that you've been sequestered and set up for possible furloughs, what else could go wrong? A one-day-a-week furlough means a 20 percent pay cut for that week, Senior Correspondent Mike Causey explains. So what is the impact, if any, on your Thrift Savings Plan contributions and the matching contributions you get from your agency?
The chairman of the Oversight and Government Reform Committee wrote to 17 agencies requesting short-term ways to achieve savings instead of the across-the-board cuts expected to start today.
Small firms already have taken a disproportionate hit from DoD's pullback in 2013 spending, Pentagon officials say. Military acquisition leaders worry the sudden cuts will bankrupt small businesses that provide one-of-a-kind capabilities.
Steven VanRoekel, the federal CIO, said the PortfolioStat approach will help agencies manage through these tough budget times. He said agency technology investments could take a hit as the automatic spending cuts become real.
If there is a partial shutdown of government services, now or later, politicians will blame each other. But the big losers will be federal workers in IRS and Social Security offices, and TSA screeners at airports who are going to take the heat, Senior Correspondent Mike Causey says.
Sequestration is officially a reality for federal employees and agencies. President Barack Obama signed the sequestration order into effect Friday night. After more than 15 months, fierce debate and a delay at the beginning of the year, the $85 billion in automatic, across-the-board budget cuts are officially here. Find out what steps civilian agencies and the Pentagon are taking, including employee furloughs. Plus find out what comes next in terms of negotiations between the White House and Congress.
The Internal Revenue Service and the Social Security Administration — two of the largest federal agencies with very public missions — are taking divergent paths when it comes to dealing with the automatic, across-the-board budget cuts known as sequestration. IRS says it is planning for five to seven furloughs days, while SSA says it hopes to forego furloughs through alternative savings.
On this week's Bloomberg Government Capital Impact show, analysts will discuss sequestration and its impact on Congress. February 28, 2013
The administration issued new guidance late Wednesday detailing specific steps agencies should take as sequestration now is one-day away. Danny Werfel, OMB's controller, told agency leaders to place "increased scrutiny" around several personnel issues, including new hires, training, travel and conferences.
The automatic budget cuts set to occur under sequestration will go into effect as a matter of law on Friday. But their full impact won't be felt until late this spring, long after lawmakers encounter the next budget showdown.
Sequestration is the worst possible thing that could happen to you as a taxpayer and a federal worker or contractor, right? Wrong. Sequestration would take a big bite out of things but the coming crises over agency budgets could turn out to be much, much worse, Senior Correspondent Mike Causey says.
Career expert and author John Grobe, Federal News Radio's Julia Ziegler, and Federal Times senior writer Stephen Losey will discuss sequestration and other issues affecting federal workers. February 27, 2013
Customs and Border Protection became one of the first civilian agencies to notify the union that represents their employees that they want to begin discussing the implementation of furloughs under sequestration. NTEU and AFGE expect to hear from more agencies in the next two weeks if cuts from sequestration go into effect March 1.
Remember when you got out of school and had to pick a career? Mother wanted you to play piano in a house of ill repute but you rebelled and became a federal civil servant. So in retrospect who was right: you or Mom? Check out Senior Correspondent Mike Causey's column for more.
Beth Farrell and Jim Schweiter from McKenna Long and Aldridge LLP discuss how agencies and contractors will be affected by procurement. February 26, 2013