Search Results for: sequestration

Obama Signs Defense Bill

President Barack Obama signed into law Wednesday the fiscal year 2013 defense authorization bill, which allocates $633 billion in spending, The Hill newspaper reports. Jeremy Herb and Alicia Cohn write the bill include portions Obama objected to, including a block on funds for the Medium Extended Air Defense System and …

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House OKs Pay Freeze for Lawmakers, Federal Workers

The House voted late Monday to freeze the salaries of lawmakers and nearly 2 million federal government employees for the rest of fiscal year 2013, the Washington Post reports. Ed O’Keefe writes the bill, passed 287-to-129 as part of the fiscal cliff compromise, blocks a half-percent cost-of-living pay increase for …

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Panetta: Fiscal Cliff Prevents Future Planning

Budget uncertainty surrounding the fiscal cliff keeps the Defense Department from being able to plan the country’s future defense strategy, Defense Secretary Leon Panetta said Tuesday. According to CBS News, Panetta told a National Press Club audience the department has had to deal with the headwinds of sequestration, which he …

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Defense CEOs: More Cuts Could Be Part of Fiscal Cliff Plan

Four CEOs of aerospace and defense firms are again urging Congress and the White House to work together on avoiding the fiscal cliff, Aviation Week reports. At the same time, those four also acknowledged additional cuts to the defense budget may be part of a bipartisan plan to avoid the …

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Report: Defense Cuts Excluded From Dem, GOP Fiscal Cliff Proposals

Initial proposals from both the White House and Republican congressional leaders to avoid the fiscal cliff do not include new cuts to defense spending under sequestration, Defense News reports. John Bennett writes the White House’s proposal would defer the $1.2 trillion in both defense and nondefense cuts covered under the …

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CSBA: Pentagon Readiness Cuts Free Up Weapons Development Funds

Short-term reductions in defense readiness funds would allow the Defense Department to allocate more resources toward development of future weapons and equipment, according to a study from a Washington think tank. Reuters reports the Center for Strategic and Budgetary Assessments brought in defense budget experts over the summer to examine …

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Report: WH, Lawmakers Hold Weekend Fiscal Cliff Summit

President Barack Obama met with congressional leaders over the weekend to discuss how the country can avoid the fiscal cliff, Reuters reports. The cliff is scheduled to kick in Jan. 2 through $600 billion in tax increases and $109 million in spending cuts under sequestration, Mark Felsenthal writes. Felsenthal reports …

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Joe Lieberman: Fiscal Cliff Deal an ‘Uncertainty’

Sen. Joe Lieberman (I-Conn.) said in a Sunday interview on CNN’s “State of the Union” that a compromise on averting the fiscal cliff is an uncertainty, The Hill newspaper reports. Lieberman said he was optimistic a deal can be reached but warned the government is on an automatic pilot-like approach …

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