Bank of America estimates that the federal government could reduce the deficit by about $720 billion if it goes off the fiscal cliff, Washington Post reports. The move would lower the nation’s deficit
MoreCongressional leaders have agreed to a six-month extension of funding for government agencies and discretionary spending through March 2013, Reuters reports. The current fiscal year ends Sept. 30 and the House and
MoreThe Department of Health and Human Services (HHS), the agency tasked to develop a government-wide shared services center for grants management, is eyeing to launch the marketplace segment of the Quality Service
MoreOfficials from President Obama’s administration have given the Pentagon the green light to begin planning for $500 million in budget cuts set to take place as a result of sequestration. According to
MoreIn an interview with Federal News Radio, Sen. Mark Warner (D-Va.) said he thinks a deal to avert the fiscal cliff could start with tax rates higher then reform them lower. Warner
MoreMany federal agencies are faced with the decision over whether to implement furloughs, where agencies would put employees on unpaid leave for a determined amount of time as a means to cope
MoreThe Government Accountability Office will not need to furlough its employees to manage automatic cuts under sequestration scheduled to take effect March 1, the agency’s chief says in a memo obtained by
MoreIn an attempt to avoid the sequester that will take effect March 1, Senate Democrats have introduced a bill that calls for $55 billion in spending cuts and $54 billion in new
MoreThe Senate should act first on replacing the more than $85 billion in automatic cuts set to kick in March 1 with a different legislation package, House Speaker John Boehner (R-Ohio) said
More