sequestration
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Small and medium-sized contractors and suppliers receive 75 percent of appropriated dollars for defense or military programs. But these small businesses, who lack the lobbying power of top- tier defense contractors, may suffer more from sequestration than big companies.
July 30, 2012 -
Defense industry executives have spent the last few weeks warning that across-the-board budgets cuts that go into effect in January, could force them to issue notifications to employees in the fall to warn of impending layoffs. However, in a new memo issued Monday, the Labor Department said the lack of clarity about how the cuts would be applied means it would be "inappropriate" to issue Worker Adjustment and Retraining Notification (WARN) Act notifications.
July 30, 2012 -
Pentagon hiring freeze for civilian employees will last several more years, although Defense Department leaders say they'll grant exemptions to give the department flexibility.
July 27, 2012 -
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.
July 26, 2012 -
Education Secretary Arne Duncan said the furloughs would address tighter budgets caused by sequestration. He also discussed other possible effects, including reductions in contracting. Wednesday's hearing represented the first time members of Congress have closely examined the effects across-the-board spending cuts could have on civilian agencies.
July 26, 2012 -
AFGE's Public Policy Director Jacque Simon and Stephen Losey and Sean Reilly of the Federal Times will talk about the big issues affecting federal workers. July 25, 2012
July 25, 2012 -
On the In Depth show blog, you can listen to the interviews, find more information about the guests on the show each day and links to additional resources. Stan Soloway, president and CEO of the Professional Services Council, discusses whether sequestration can be averted.
July 24, 2012 -
On this week's Bloomberg Government Capital Impact show, analysts will discuss the benefits of electronic health records, and legislation that could make its way through Congress before the sequestration deadline.
July 19, 2012 -
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.
July 18, 2012 -
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.
July 18, 2012 -
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.
July 17, 2012 -
On this week's Bloomberg Government Capital Impact show, defense analysts examine which types of contractors would be most affected by sequestration. Plus, how are corporations spending money on the presidential election?
July 11, 2012 -
Letter, sent to 15 large vendors, asks for estimated impacts of sequestration on defense contractors.
July 06, 2012 -
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.
June 27, 2012 -
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.
June 27, 2012