Tag Archives: budget control act

Congress’ bicameral budget committee could seek to reform entitlement programs as part of efforts to replace the fiscal year 2014 sequestration cuts before they take effect, NBC News reported Wednesday. Tom Curry writes the conference committee held its first public meeting at the Capitol Wednesday and has until Dec. 13 to …

A Center for Strategic and Budgetary Assessments analyst predicts that defense budget may drop as much as $415 billion if sequestration remains in place over the next decade, Aviation Week reported Friday. Michael Bruno writes CSBA defense analyst Todd Harrison said Thursday that the military’s authorized procurement would fall to …

Defense Secretary Chuck Hagel has said he will trim the budget of his office and top military chiefs’ headquarters by 20 percent between 2015 and 2019, Reuters reported Tuesday. David Alexander writes Hagel told civilian workers at Naval Air Station Jacksonville Tuesday that the cuts would also apply to combatant …

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 …

With 70 days to go until the start of sequestration, Defense Secretary Leon Panetta told reporters at a Thursday Pentagon news conference Congress needs to go to work as soon as the election is over to avoid the cuts. According to the American Forces Press Service, Panetta also listed cybersecurity …

Some senators are starting to float proposed amounts of defense budget cuts, with those numbers being much less than the $1 trillion over 10 years that would be cut if sequestration occurs, Politico reports. Senate Armed Services Committee Chairman Carl Levin (D-Mich.) has brought up a $587 billion cut figure, …

Bill Hoagland, vice president of public policy at CIGNA Corp., shared his insight on the impact of sequestration during Government Executive’s Excellence in Government conference in Washington last Thursday, reports Kellie Lunney for govexec. Hoagland used to serve as the policy and budget adviser for former Republican Sens. Bill Frist …

The Congressional Budget Office said Wednesday that fiscal year 2012 will end with a federal budget deficit of about $1.1 trillion, or 7.3 percent of the gross domestic product. CBO added it believes unemployment will stay at more than 8 percent for the rest of the fiscal year, with the …

The House Armed Services Committee is set to begin marking up the 2013 defense authorization bill Wednesday, Federal News Radio reports. That bill includes provisions to promote the rotation of national security positions between agencies. A new board, led by the Office of Management and Budget and aided by the …

Sequestration will start next January and reduce discretionary spending by 12.1 percent in fiscal year 2013 if Congress does not reverse the Budget Control Act, FierceGovernment IT reports. Across-the-board cuts will affect mandatory programs such as Medicare but discretionary spending will see the largest year-over-year percentage drop, according to a …