In the fiscal-cliff talks, it now appears that both sides have blinked. Republicans appear willing to accept some higher taxes and Democrats seem to have agreed that Social Security's growing costs must be curtailed. Slightly and slowly. So how will the proposals affect you? Check out Senior Correspondent Mike Causey's column.
In the latest proposals traded back and forth between the White House and Boehner, the President proposed changing the formula the Labor Department uses to measure inflation — which would reduce annual COLAs for Social Security beneficiaries, including federal and military retirees. Federal-employee unions and groups remain worried the COLA proposals are still very much on the table.
If a compromise does not take place by Jan. 2, sequestration will kick in potentially causing challenges for federal agencies and contractors. So do federal agencies and contractors have plans in place or are they crossing their fingers in the meantime?
If Congress and the White House cut a last-minute deal to avoid sequestration and the fiscal cliff, some of the compromise may come out of your hide, whether you are active or retired, Senior Correspondent Mike Causey says.
Wells Fargo Advisors' Joe Sullender says any tax deal between Congress and the president will probably change your income taxes less than you think.
If you could pick any historical event to relive, it probably wouldn't be the maiden voyage of the Titanic — that didn't go well. And now, 100 years later, federal, military and Social Security retirees are just becoming aware of a political iceberg that could punch a hole in their future benefits, Senior Correspondent Mike Causey says.
Evan Lesser, founder and director of ClearanceJobs.com, will talk about the big issues affecting federal workers with security clearances. December 14, 2012
Feds have more than the usual year end issues on their plate at 2012 draws to a close, according to Senior Correspondent Mike Causey. There is the fast-approaching fiscal cliff, the dangers of sequestration, maybe a bonus pre-Christmas holiday and, of course, the end of the world. Check it out, if you dare.
On this week's Bloomberg Government Capital Impact show, analysts will discuss how the fiscal cliff crisis is impacting businesses. Also, what does the future look like for Freddie Mac and Fannie Mae? December 13, 2012
Dr. Andrew Krepinevich, president of the Center for Strategic and Budgetary Assessments, joined Pentagon Solutions for an in-depth discussion of how the Defense Department can manage budget cuts without harming its strategic goals.
As planning begins for sequestration, the military may have to cut billions more than previously imagined. DoD, like all agencies, is waiting for instruction from the OMB on how to reduce their budget.
Many in government are worried about the threat of sequestration, the across-the-board budget cuts set to take effect in January unless Congress and the White come up with an alternative deficit-cutting plan. But federal employee groups and sympathetic lawmakers are also concerned about such alternatives -- if they contain changes to federal employee pay or compensation. Rep. Chris Van Hollen (D-Md.) and a slate of federal-employee unions and groups are warning of such proposals in the deficit talks to replace sequestration.
On this week's Capital Impact show, analysts discuss the fiscal cliff and its impact, and how a new court ruling will affect traditional utilites and power companies. December 6, 2012
Sens. Mark Warner and Bob Corker and Rep. Chris Van Hollen all believe there is at better than a 50 percent chance Congress and the White House will agree on a budget reduction plan before Jan. 1. But federal pay and benefits, and contract spending remain on the table to be part of the cuts.
The authors of a new report from the Center for a New American Security, "Countdown to Sequestration: Why American Leaders Could Jump Off the Fiscal Cliff" argue "there is a strong possibility that sequestration will take effect" in January.