Archives for January 2013

News-in-Brief – January 2013

Sequestration Delayed, Not Resolved As Americans were about to ring in 2013, Congress agreed to a late-night “fiscal cliff” bill that delayed, rather than eliminated, sequestration. Sequestration – automatic across-the-board cuts in most federal programs – has been a looming threat since passage of the Budget Control Act of 2011 and the failure of the Joint Select Committee on Deficit Reduction to reach an agreement on the Act’s mandate of $1.2 trillion in spending cuts over ten years. In December at the eleventh hour, Congress simply delayed implementation of sequestration until March. Sequestration was set to take effect originally on… Read More »