Sequestration › Spending Cuts

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.

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News & Analysis as of May 19, 2013

Sequestration And The Continuing Resolution’s Effect On Government Contracting

by Alecia Schmuhl | Bean, Kinney & Korman, PC on 4/25/2013

On March 26, 2013, President Obama signed the Continuing Resolution, which will fund government operations through the end of Fiscal Year 2013 or September 30. While this may assuage some of the uncertainty of...more

Sequestration and its Impact on the Construction Industry

by Elizabeth Cappiello | Ober|Kaler on 4/24/2013

Pursuant to the Budget Control Act of 2011, sequestration is the process by which automatic across-the-board spending cuts are being imposed on government programs. Because Congress was unable to reach an agreement by its...more

Capital Thinking Update - April 15, 2013

by Amy Davenport, Tanya DeRivi, Alexis Early, Jared Fleisher, Mara Giorgio, Karen Kudelko, Erin McGrain, Jessica Monahan, Amy Budner Smith, Stacy Swanson, Joseph Urso, Sarah Vilms, more +Dana Weeks, Pam Welsh | Patton Boggs LLP on 4/24/2013

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

Business News Digest – April 2013

by Michael Baader, Jamie Barnett, Andrew Bigart, Amanda C. Blunt, Edward Boyle, Gregory Braker, Robert Burton, Emilio W. Cividanes, John F. Cooney, Krista Coons, Ashley Craig, Daniel Danello, more +Robert P. Davis, Paul Debolt, Douglas Emhoff, Lisa Jose Fales, Matthew R. Farley, Kathryn Floyd, Thomas Gilbertsen, Nancy Grunberg, Michael Hartmere, J. Scott Hommer, Stuart P. Ingis, Jay Johnson, Jonathan King, Mitchell Kolkin, George Kostolampros, Dismas Locaria, Elizabeth Lowe, Melissa McLaughlin, Lindsay B. Meyer, Parker B. Morrill, Jonathan L. Pompan, Hillary Profita, Matthew R. Rabinowitz, Megan Roberts-Satinsky, Anthony Rosso, Martin Saad, Sejal Shah, Raymond Shepherd, Eric R. Smith, Robert Smith, Margaret Strand, Joeann Walker, Ariel S. Wolf, Jason Wool, Brian Zimmet | Venable LLP on 4/15/2013

In this issue: - Finders May Pose Risk in Private Capital Raising - NIST Holds First Workshop on Executive Order Cybersecurity Framework - NIST Issues Request for Information, Begins Developing...more

Short Wins - More On The Federal Defender Budget Mess And The Withering Sixth Amendment

by Matthew G. Kaiser | The Kaiser Law Firm PLLC on 4/1/2013

Two wins in the Eighth Circuit - nice. Other than that, it's a whole lot of resentencing news. In news related to last week's short wins post, though, where I lamented that Assistant Federal Public Defenders will be...more

Sequestration to Reduce Government Payments to Issuers of Certain Qualifying Bonds

by Dickinson Wright on 3/27/2013

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

Sequester the Sequestration Cuts, Please! Why the Health Care Industry Must Brace Itself for More Change...

by Chelsea Trotter | Nossaman LLP on 3/27/2013

As the federal government scrambles to cut burgeoning health care costs, yet increase health care coverage to the uninsured or underinsured, the paradox of expansion, on the one hand, yet constriction, on the other, has...more

Financial Services Legislative And Regulatory Update -- March 25‚ 2013

by Abby Matousek, Jason M. Rosenstock | Mintz Levin - Public Finance on 3/26/2013

In This Issue: Leading the Past Week; Legislative Branch; Executive Branch; and Upcoming Hearings. Excerpt from Leading the Past Week - Members rushed out of town at the end of last week for a two-week...more

Under Construction - March 2013: The Ever-Shrinking Federal Budget: Preparing for Contract Cut-Backs

by Brett W. Johnson | Snell & Wilmer L.L.P. on 3/22/2013

On March 1, 2013, President Obama signed the order directing “sequestration” to go into effect. As has been repeated constantly leading up to sequestration, $85 billion will now be cut from the federal government’s budget...more

Immigration Related Government Updates: 1. USCIS Announces That H-1B Cap May Be Reached Early In the First Week Of April; 2....

by Hallie Cohen, David Grunblatt, Valarie McPherson, Praveena Swanson, Jennifer Wexler | Proskauer Rose LLP on 3/19/2013

On Friday, March 15, USCIS announced how it plans to process FY 2014 H-1B cap filings. In the USCIS press release, USCIS indicated that it was preparing for the likelihood that the H-1B cap may be reached during the April 1 –...more

Over-the-Cliff: Advice to Contractors Facing Sequestration

by David Hayden, Jackson Moore | Smith, Anderson, Blount, Dorsett, Mitchell &... on 3/15/2013

Automatic spending cuts caused by “sequestration” went into effect on March 1, 2013, after the federal Government could not avoid or further delay sequestration as Congress and the President had agreed during January of 2013....more

Effects Of American Taxpayer Relief Act Overshadowed By Sequester Talk

by Dean F. Reisner | Varnum LLP on 3/14/2013

With much of the current news cycle discussing mandatory federal budget cuts known as the "sequester," one may tend to forget that Congress narrowly averted the country's fall over the "fiscal cliff " by enacting the American...more

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

by Sherman & Howard L.L.C. on 3/14/2013

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

Looming Budget Cuts Could Delay Travel

by Ronald Shapiro on 3/13/2013

According to published reports, the Department of State (“DOS”) has warned that sequestration-related spending cuts could result in “major setbacks” for visa processing and travel screening delays at ports of entry. ...more

Federal Sequester Likely to Affect Construction Industry

by George Rahn, Jr., Donald Rea, Doreen Zankowski | Saul Ewing LLP on 3/13/2013

Continued budget cuts likely will trigger construction issues and disputes in the coming months and years. As a result, contractors should take precautions on federally funded construction projects. ...more

The Sequestration, Funding for Plug-In Electric Vehicle Projects, and D.C.’s New Energy Leadership

by Mintz Levin - Energy & Clean Technology on 3/13/2013

On March 6, the House passed H.R. 933, a resolution that continues government spending past March 27, when the current continuing resolution expires. The proposed measure provides funding through the end of the fiscal year in...more

Capital Thinking Update - March 11, 2013

by Amy Davenport, Tanya DeRivi, Eugenia Edwards, Jared Fleisher, Mara Giorgio, Jessica Monahan, Amy Budner Smith, Stacy Swanson, Joseph Urso, Sarah Vilms, Dana Weeks, Pam Welsh | Patton Boggs LLP on 3/13/2013

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

CMS Releases Sequestration Details; Medicare EHR Incentive Payments Subject to Two-Percent Reduction

by King & Spalding on 3/12/2013

On March 8, 2013, CMS announced that it will apply the two-percent sequestration reduction to all Medicare provider payments with dates of service/discharge on or after April 1, 2013. The announcement also states that claims...more

Financial Services Legislative And Regulatory Update -- March 11‚ 2013

by Abby Matousek, Jason M. Rosenstock | Mintz Levin - Public Finance on 3/11/2013

In This Issue: Leading the Past Week; Legislative Branch; Executive Branch; and Upcoming Hearings. Excerpt from Leading the Past Week - As the first full week of the Federal government’s sequestration comes to a...more

Sequestration Likely to Affect Immigration Services

by Justin S. Coffey, Andrew W. Merrills | Ogletree, Deakins, Nash, Smoak & Stewart,... on 3/8/2013

On March 1, 2013, the Budget Control Act, including sections mandating across-the-board budget cuts to federal agencies (known as “sequestration”), went into effect. The sequester is likely to negatively impact immigration...more

Effect of Sequestration on Direct-Pay Bonds

by King & Spalding on 3/8/2013

The American Recovery and Reinvestment Act of 2009 allowed, for a limited period of time, the issuance of taxable state or local bonds for which the U.S. Treasury Department pays the issuer a specified percentage of interest...more

Sequestration Reduces Treasury Grant Awards to Renewable Energy Projects by 8.7 Percent

by Nicola Lemay, Adam Wade | Foley Hoag LLP on 3/7/2013

According to Treasury Department guidance issued March 4, 2013, grants awarded to renewable energy project owners under the Treasury’s Section 1603 grant program on or after March 1, 2013 will be reduced by 8.7 percent due to...more

Sequester Cuts Hurting Seniors

by Deirdre R. Wheatley-Liss | Fein, Such, Kahn & Shepard, P.C. on 3/7/2013

Will the ridiculous gridlock in Washington that has a sledgehammer instead of scalpel being used to address the cancer of a bloated budget affect your world immediately? As a working adult or family, likely not, For...more

Sequestration Is Here – Now What Happens to Government Contractors?

by Daniel S. Herzfeld | Pillsbury Winthrop Shaw Pittman LLP on 3/7/2013

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

Capital Thinking Update - March 4, 2013

by Amy Davenport, Tanya DeRivi, Eugenia Edwards, Jared Fleisher, Mara Giorgio, Karen Kudelko, Erin McGrain, Jessica Monahan, Amy Budner Smith, Stacy Swanson, Sarah Vilms, Dana Weeks, more +Pam Welsh | Patton Boggs LLP on 3/6/2013

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

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