With no budget framework in place, the House and the Senate are both marching to their own drummers and producing appropriations bills based on spending levels detailed in their respective budget outlines....more
March 2013 On March 1, 2013, $85 Billion in automatic reductions in federal spending occurred as mandated by federal law. The automatic budget cuts are known in the parlance of the Beltway as “sequestration.” For issuers of...more