Archives for May 2012

News-in-Brief – May 2012

Sequestration Threat Prompts Worrisome Responses As reported several times here previously (“Super Committee Inaction Triggers Sequestration,” December 2011; “Super Committee Action in Doubt,” November 2011; “Jury is Out on Deficit Reduction Plan,” September 2011), a process called sequestration threatens cuts of around nine percent in all discretionary and some mandatory federal program beginning in January 2013. Sequestration was triggered when the Joint Select Committee on Deficit Reduction failed last fall to reach agreement on how to meet the deficit reduction target. Some members of Congress are focused on averting cuts to the defense budget, prompting others to find ways to… Read More »