In June, several federal agencies described the impact the sequester had on their various grant programs, illustrating the problems with such a blunt fiscal instrument and the need for Congress and President Obama’s administration to work together to pass responsible and pragmatic funding legislation. Additionally, the Office of Management and Budget (OMB) took further action to fully implement the requirements of the Federal Funding Accountability and Transparency Act of 2006 (FFATA), including the soon-to-be mandated use of federal ID numbers to federal award recipients, which also will need to be "flowed down" to sub-recipients.
Sequestration Update -
Several months into the sequester, nonprofits are being hit particularly hard by the indiscriminate cost-cutting mechanism. For example...
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