Sequestration Office of Management and Budget

Sequestration is a budget technique characterized by the implementation of automatic mandatory spending cuts if deficit levels exceed a certain threshold. The Budget Control Act of 2011 utilized sequestration to... more +
Sequestration is a budget technique characterized by the implementation of automatic mandatory spending cuts if deficit levels exceed a certain threshold. The Budget Control Act of 2011 utilized sequestration to encourage Congress to cut federal spending by 1.2 billion dollars. If Congress fails to make the specified funding cuts, sequestration will kick in and  automatic cuts will be made to the federal budget. A good portion of the slated cuts will come from the national security budget.  less -
News & Analysis as of

Cash Grant Sequester Percentage Reduced to 7.2%

Treasury has issued an updated message on sequestration on its 1603 Program website, which can be accessed below. The sequestration message specifies that the reduction percentage applicable to any Section 1603 cash grant...more

GOVCON Research Report: April — June 2013

In This Issue: - GSA SCHEDULE MATTERS - DOD OFFICE OF INSPECTOR GENERAL REPORTS - PERTINENT GOVERNMENT ACCOUNTABILITY OFFICE (GAO) AUDIT REPORTS - KEY FEDERAL ACQUISITION REGULATION (FAR) UPDATES - KEY DEFENSE...more

Federal Grant & Contract News for Nonprofits - June 2013

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...more

BRG GovCon Research Report - January - March 2013

In This Issue: - GSA and VA Schedule Matters - Office of Inspector General Reports - Pertinent Government Accountability Office (GAO) Audit Reports - OMB Proposed Guidance - Key Federal Acquisition...more

Sequestration: Federal Subsidy Payments for BABS and Other Direct-Pay Subsidy Bonds will be Reduced 8.7%

Pursuant to the Balanced Budget and Emergency Deficit Control Act, on March 1, 2013, the President issued the sequestration order which requires automatic spending cuts ("sequestration") as the result of Congress' failure to...more

Infrastructure Alert - March 13, 2013

Sequestration began on March 1, and federal agencies are still in the process of sending out furlough notifications and determining specific program cuts. The continuing resolution authorizing current federal spending will...more

Client Alert: Impact of Sequestration on 1603 Cash Grants

On March 1, 2013, President Obama signed the sequestration order (“Sequestration”), reducing the budgetary resources for each non-exempt Federal budget account by an amount calculated by the Office of Management and Budget...more

Sequestration Is Here – Now What Happens to Government Contractors?

On March 1, 2013, President Obama ordered the implementation of across-the-board cuts – sequestration – primarily directed to military and domestic discretionary spending because the White House and congressional leaders...more

Legal Alert: Sequestration to Cause CREB Payments to Be Reduced by 8.7%

The Office of Management and Budget has issued its Report to the Congress on the budget sequestration for federal fiscal year 2013 required by the Balanced Budget and Emergency Deficit Control Act of 1985, as amended by the...more

Medicare and Sequestration – What Happens Now?

Due to continuing budget gridlock in Washington, sequestration has been triggered – meaning automatic cuts to a wide range of federal programs, including Medicare payments to providers and health plans. While the Centers for...more

President Obama Issues Sequestration Order, CMS Has Yet to Publish Implementation Instructions

On March 1, 2013, President Obama issued a sequestration order directing the Office of Management and Budget (OMB) to administer across-the-board cuts to federal spending. Concurrently, OMB issued a report to Congress...more

Financial Services Legislative And Regulatory Update -- March 4‚ 2013

In This Issue: Leading the Past Week; Legislative Branch; House of Representatives; Executive Branch; Miscellaneous; and Upcoming Hearings. Excerpt from Leading the Past Week - On Friday evening President...more

Implementation of Sequestration on Government Contracts

Today, the President issued a Sequestration Order that requires federal agencies to make uniform percentage reductions in each separate item in their budgets. Under that Order, the agencies will be obliged to apply a...more

How Does the Sequester Affect Energy Programs?

On Friday evening, President Obama formally notified the Office of Management and Budget to initiate the sequester, as both sides were unable and/or unwilling to reach an agreement on a plan to avert the automatic...more

Capital Thinking Update - February 11, 2013

In This Issue: - General Legislative - Agriculture & Food - Budget, Appropriations, and Sequestration - Cybersecurity - Education - Energy - Environment - Financial...more

Health Reform + Related Health Policy News Update - January 24, 2013

In This Issue: - OMB Directs Department Heads to Prepare for Sequestration - HHS Finalizes Omnibus HIPAA Rule, Enhances Privacy Requirements - SCOTUS Says Equitable Tolling Not a Factor in DSH Case - Report...more

OMB Issues Report on Likely Effects of Sequestration

The Office of Management and Budget (OMB) issued a report on September 14, 2012 detailing the magnitude of impending across-the-board cuts to Federal spending beginning on January 2, 2013 in a process known as...more

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