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Sequestration Spending Cuts U.S. Treasury

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 -
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

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

Mintz - Public Finance Viewpoints

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

Mintz - Energy & Sustainability Viewpoints

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

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