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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... 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 -
Sheppard Mullin Richter & Hampton LLP

New Budget Deal Can Bring Extension of Medicare Sequestration Cuts

Sheppard Mullin Richter & Hampton LLP on

While many in Washington, D.C. are celebrating today the unusual display of bipartisan budgetary comity as the new budget deal is announced, there is a direct and immediate adverse effect for hospitals and physicians. As...more

Baker Donelson

Sequestration and its Impact on the Construction Industry

Baker Donelson on

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

Dickinson Wright

Sequestration to Reduce Government Payments to Issuers of Certain Qualifying Bonds

Dickinson Wright on

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

Nossaman LLP

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

Nossaman LLP on

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

Mintz - Public Finance Viewpoints

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

Mintz - Public Finance Viewpoints on

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

Snell & Wilmer

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

Snell & Wilmer on

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

Proskauer Rose LLP

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

Proskauer Rose LLP on

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

Smith Anderson

Over-the-Cliff: Advice to Contractors Facing Sequestration

Smith Anderson on

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

Sherman & Howard L.L.C.

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

Sherman & Howard L.L.C. on

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

Saul Ewing Arnstein & Lehr LLP

Federal Sequester Likely to Affect Construction Industry

Saul Ewing Arnstein & Lehr LLP on

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

Mintz - Energy & Sustainability Viewpoints

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

Mintz - Energy & Sustainability Viewpoints on

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

King & Spalding

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

King & Spalding on

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

Mintz - Public Finance Viewpoints

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

Mintz - Public Finance Viewpoints on

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

Ogletree, Deakins, Nash, Smoak & Stewart,...

Sequestration Likely to Affect Immigration Services

Ogletree, Deakins, Nash, Smoak & Stewart,... on

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

King & Spalding

Effect of Sequestration on Direct-Pay Bonds

King & Spalding on

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

Foley Hoag LLP

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

Foley Hoag LLP on

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

Pillsbury Winthrop Shaw Pittman LLP

Sequestration Is Here – Now What Happens to Government Contractors?

Pillsbury Winthrop Shaw Pittman LLP on

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

Eversheds Sutherland (US) LLP

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

Eversheds Sutherland (US) LLP on

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

Morgan Lewis

Impact of Sequester on Immigration-Related Government Services

Morgan Lewis on

The automatic spending cutback is expected to result in diminished immigration-related services. It is anticipated that the sequester (the automatic spending cutback that went into effect on March 1, 2013) may result...more

Baker Donelson

How Sequestration May Impact Government Construction Contracts

Baker Donelson on

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

Burns & Levinson LLP

How Sequestration Will Affect the SBIR/STTR Programs

Burns & Levinson LLP on

One topic of interest and importance to most entrepreneurs is funding, and one popular form of funding is through SBIRs (the Small Business Innovation Research Programs). My colleague Jesse Erlich focuses much of his practice...more

Saul Ewing Arnstein & Lehr LLP

Certain Direct Pay Bonds Subsidy Payments to be Reduced

Saul Ewing Arnstein & Lehr LLP on

An Executive Order signed by the President on March 1, 2013 will trigger automatic reductions in subsidy payments for certain Direct Pay Bonds. Pursuant to the requirements of the Budget Control Act of 2011 and the...more

Mintz

Energy And Environment Update -- March 4, 2013

Mintz on

In This Issue: Energy and Climate Debate; Congress; Administration; Department of Energy; Environmental Protection Agency; Interior Department; Department of Agriculture; Department of State; Treasury Department;...more

King & Spalding

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

King & Spalding on

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

Mintz - Public Finance Viewpoints

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

Mintz - Public Finance Viewpoints on

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

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