sequestration
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Agencies will be liable for many of the costs coming from the termination of contracts, including legal fees and employee compensation costs, if sequestration happens Jan. 2, 2013 and if vendors do not issue layoff notices this fall.
September 28, 2012 -
What do Uncle Sam and horror-movie star Freddy Krueger have in common? Not much, fortunately. But that could all change if an 8 percent cut kicks in Jan. 3 forcing furloughs curtailed services that impact everything from tax returns and Social Security claims to airline travel, Senior Correspondent Mike Causey says.
September 28, 2012 -
Host Mike Causey will discuss the potential impact of sequestration with Janet Kopenhaver from Federally Employed Women, and Stephen Losey and Sean Reilly from the Federal Times. September 26, 2012
September 26, 2012 -
The Defense Department's undersecretary of Defense (Comptroller), Robert Hale, told a House Armed Services Committee hearing last week that Defense officials have only "limited flexibility" to handle the automatic, across-the-board budget cuts, known as sequestration, that go into effect next year.
September 26, 2012 -
The congressional ritual of punting budget work into the next fiscal year has helped agencies prepare their workforces for sequestration. Managers have learned much over the past few years about preparing contingency plans.
September 26, 2012 -
As the make-or-break sequestration deadline draws closer, top federal officials are increasingly using (or at least thinking) the F-word, Senior Correspondent Mike Causey says.
September 26, 2012 -
Six senators sent a letter to their Senate leaders asking for a bipartisan effort to end the threat of automatic, across-the-board budget cuts due to take effect in January.
September 25, 2012 -
Robert Hale, the military's CFO, said reductions in force would cost more money than the Defense Department would save. But hiring a freeze and involuntary unpaid furloughs would be likely for civilians.
September 21, 2012 -
On this week's Bloomberg Government Capital Impact, analysts discuss OMB's sequestration report and how highway funding is affected. Plus, how much money are Super-Pacs spending on this year's presidential election. September 20, 2012
September 20, 2012 -
NARFE Director of Benefit Services David Snell and Steve Watkins and Sean Reilly of the Federal Times will talk about issues that could affect your retirement. September 19, 2012
September 19, 2012 -
The across-the-board budget cuts, known as sequestration, set to take effect Jan. 2 would be "deeply destructive" to national security and core civilian agency programs, according to a comprehensive report from the White House detailing the impact of the cuts on specific programs and accounts. The $109 billion in cuts coming next year — split evenly between Defense civilian agency budgets — would slash Defense discretionary spending by 9.4 percent and civilian agency spending by 8.2 percent.
September 14, 2012 -
Defense industry executives criticize the impending sequestration, which they say would lead to the loss of more than 1 million defense-related jobs.
September 11, 2012 -
Lawmakers returned to Washington, D.C., this week with a packed agenda. Topping the list of priorities is hammering out final details of a stopgap spending measure to keep the government running beyond the end of the fiscal year -- Sept. 30. Amid the election-year politicking, the list of unfinished business also includes legislation to restructure the financially ailing U.S. Postal Service and a cybersecurity bill that aims to safeguard the nation's critical infrastructure. Perhaps looming largest of all is what Congress plans to do about automatic, across-the-board cuts, known as sequestration, set to take effect Jan. 2. Failure to avert the cuts could send the country over a "fiscal cliff," budget experts warn.
September 10, 2012 -
The White House plans to deliver a report to Congress late next week detailing how automatic, across-the-board cuts, set to take effect in January, will affect specific programs. The report is required under the Sequestration Transparency Act, which Congress overwhelmingly passed this summer and which the President signed on Aug. 7. The law directed the President to issue the detailed report within 30 days of signing it - a deadline that came this week and went unmet.
September 07, 2012 -
Lt. Gen. Jeffrey Talley took over as Chief of the Army Reserve in June. He tells Federal News Radio there are only two issues that keep him up at night.
September 07, 2012