Search Results for: sequestration

Labor Dept Sequestration Memo Sparks GOP Uproar in Congress

Republican members of Congress are in an uproar over a Labor Department memo issued last week, which said defense contractors are not required to send layoff notices to employees whose jobs might be cut under sequestration. According to Politico, some GOP lawmakers claim the decision is a political ploy for …

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Carter, Zients Hint at Potential Sequestration Cuts to House Panel

The defense budget for fiscal year 2013 could result in cuts to weapons and vehicles procurement as well as furloughs and layoffs for civilian employees, the Pentagon’s number two official told a House panel Wednesday. According to The Hill newspaper, Ashton Carter told the House Armed Services Committee the Pentagon …

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OMB To Hold Sequestration Talks With Agencies

The Office of Management and Budget has issued a memorandum to heads of federal departments and agencies on potential effects and procedures if sequestration occurs. Jeff Zients, acting OMB director, wrote in the Tuesday memo the office will engage department and agency personnel in discussions regarding fiscal issues within the …

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Labor Dept: Pre-Sequestration Layoff Notices Not Required Under WARN Act

Federal law does not require federal contractors to notify employees of potential layoffs ahead of potential January budget cuts under sequestration, GovExec reports. Citing a Monday Labor Department notice, Tom Shoop reports those notices are not consistent with the 1988 Worker Adjustment Retraining Notification Act. That law, also known as …

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House Bill Seeks White House Sequestration Outline

By a 414-2 vote, the House passed a bill Tuesday requiring the Obama Administration to detail plans for handling automatic budget cuts scheduled to start January 2013. The Hill newspaper reports that the bill, authored by House GOP Conference Chairman Jeb Hensarling, requires the White House to release that report …

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Lockheed’s Bob Stevens on Sequestration: “We are hungry for more guidance”

Lockheed Martin Chairman and CEO Bob Stevens outlined the firm’s recent cost-cutting efforts and potential effects of sequestration during testimony before the House Armed Services Committee on Wednesday. The Defense Department is cutting $480 billion from its budget over the next decade and that amount could swell to nearly $1 trillion if sequestration takes effect …

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