Tag Archives: supercommittee

Breakdown of Agencies, Contract Spending for FY 2012

Some agency budgets were dealt cuts while others received increases in the fiscal year 2012 spending deal struck last week. In the mix of ups and downs, contractors came away with more certainty. In Monday’s Capital Business, Kevin Plexico, vice president of federal information solutions for research firm Deltek, outlined the allocated …

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Report: Sequestration Cuts Not Included in Pentagon Budget Draft

The Defense Department has submitted a draft budget plan to President Obama that includes the $450 billion in cuts required from the debt ceiling compromise, according to Bloomberg. It does not include the additional $600 billion cuts by sequestration that are mandated by the supercommittee’s failure to reach an agreement …

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Supercommittee Fail: What They’re Saying

Reaction has poured in from the business and political communities regarding the congressional supercommittee‘s announcement Monday that it has failed to produce a deficit reduction proposal. Reaction from the business world primarily focused on the possibility of $600 million in additional defense cuts. “There is a mistaken notion floating around …

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Report: Supercommittee Set to Announce Failure

High hopes that the congressional supercommittee charged with proposing a deficit reduction solution appear to be dashed as Republican and Democratic leaders of the panel are set to announce failure, according to a report from Reuters on Monday. The supercommittee was charged with proposing at least $1.5 trillion in savings …

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Sen. Warner Proposes Fallback Option if Supercommittee Fails

All will not be lost if negotiations go nowhere and the deficit reduction supercommittee fails to reach an agreement, according to Sen. Mark Warner (D-Va.). During an appearance on CNN’s “State of the Union” program Sunday, Warner expressed hope that the supercommittee succeeds in delivering a proposal before Thanksgiving. However, …

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