News & Analysis as of

Sequestration Barack Obama Federal 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 -
King & Spalding

Budget Deal to Limit Provider-Based Status, Extend Sequestration

King & Spalding on

On October 28 and 30, 2015, the U.S. House of Representatives and U.S. Senate approved the Bipartisan Budget Act of 2015 (the Act)—a measure designed to raise the limit on Federal borrowing that would also have significant...more

King & Spalding

President Obama Releases 2016 Budget Proposal Ending Sequester Cuts

King & Spalding on

On February 2, 2015, President Barack Obama delivered his Fiscal Year 2016 budget proposal to Congress. The $4.066 trillion budget contains a sequestration replacement plan that would allow a 7%, or $75 billion, increase in...more

Mintz - Employment, Labor & Benefits...

US DOL Releases FY2014 Budget Request

On April 10th, the Department of Labor released its fiscal year 2014 budget request. As reported in a press release describing the budget request, the DOL has asked for $12.1 billion in discretionary funding to support...more

Cozen O'Connor

Election Behind Us: Looking Ahead to the Fiscal Cliff and 2013

Cozen O'Connor on

The balance of power in Washington remains intact: control of The White House and Congress remains as it was prior to the election. Notwithstanding that balance of power, we are NOT in a status quo political environment....more

Morgan Lewis

Sequestration Transparency Act

Morgan Lewis on

President Obama signed the Sequestration Transparency Act of 2012 (PL 112-155) on August 07, 2012. Under the terms of the Act, the Obama Administration now has until September 6, 2012 to submit to Congress a detailed report...more

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