Obama says fiscal cliff deal ‘within sight’
President Obama said Monday that a deal to avert the fiscal cliff is “within sight” but not yet finalized. He predicted that the White House and congressional lawmakers would not reach an agreement...
View ArticleOver the fiscal cliff: Day One
The nation technically went over the “fiscal cliff” Tuesday morning despite a Senate tax deal that would delay deep automatic spending cuts for another two months and potentially set up a new round of...
View ArticleDeal means agencies won’t see immediate cuts, but future is unclear
If the House repeats the Senate’s action Tuesday morning to avert a “fiscal cliff” of higher taxes and across-the-board federal budget cuts, federal agencies will avoid immediate reductions. But the...
View ArticleTax deal done, sequestration delayed
Both chambers of Congress approved a fiscal-cliff deal to avert tax hikes on all except the wealthiest Americans, but their plan postponed decisions about spending cuts that would deeply affect the...
View ArticleFederal workers: Does the threat of sequester cost agencies money?
We’ve avoided the fiscal cliff, but Congress will be fighting over spending cuts and the country’s debt limit within two months. With the threat of sequestration or $109 billion in spending cuts to...
View ArticleTSP to consider account conversion option
The Thrift Savings Plan may allow investors to convert to Roth treatment money that was invested on a pre-tax basis, although there’s no certainty regarding when or even if that option will become...
View ArticleBudget chief to agencies: Prepare for across-the-board spending cuts
President Obama’s acting budget director told agency heads Monday to step up their efforts to prepare for $85 billion in automatic spending cuts on March 1 by planning for furloughs, contract delays,...
View ArticleAFGE union wants contractors to sacrifice before federal workers
Unions representing federal workers have been nothing if not vocal in their conviction that if automatic spending cuts take effect during the battle in Congress over reducing the deficit, contractors...
View ArticleAir Force begins precautionary cost-cutting measures
Air Force leaders announced Thursday that they are planning for possible automatic spending cuts on March 1 with a hiring freeze, layoffs of temporary employees and other cost-cutting measures. The...
View ArticlePlanning for sequester: Tell us what your agency is doing
Federal agencies from the Environmental Protection Agency to the federal courts are now engaged in detailed planning for the automatic spending cuts known as sequestration. If Congress does not reverse...
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