News & Analysis as of

Spending Cuts Federal Budget

Cozen O'Connor

Cozen Currents: GOP and Democrats Are Both in Your Debt (Literally)

Cozen O'Connor on

The Cozen Lens - • The federal debt has grown dramatically in recent years, with both parties pursuing significant deficit spending, the impacts of which will likely not be fully clear for several years. • President Donald...more

Mintz - Immigration Viewpoints

Senate Passes Spending Bill: DHS Only Funded Through February 2015

In an unusual weekend session, the US Senate passed the “Cromnibus” government funding bill, providing funding for most government agencies through September 2015. However, the Department of Homeland Security, which includes...more

Sheppard Mullin Richter & Hampton LLP

New Budget Deal Can Bring Extension of Medicare Sequestration Cuts

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

King & Spalding

Appropriations and Sequester – Laying Down Markers

King & Spalding on

With no budget framework in place, the House and the Senate are both marching to their own drummers and producing appropriations bills based on spending levels detailed in their respective budget outlines....more

Spilman Thomas & Battle, PLLC

EEOC Diversity Luncheon: Discussions of Budget Hurdles and Enforcement Priorities with Hon. Jacqueline Berrien and Hon. Victoria...

When the Chair of the U.S. Equal Employment Opportunity Commission (EEOC), Jacqueline A. Berrien, and EEOC Commissioner Victoria A. Lipnic sat down for an informal conversation regarding workplace diversity during the...more

Eversheds Sutherland (US) LLP

IRS Pressures Build: Budgetary Constraints, the Aging IRS Workforce and Changes in IRS Focus

On April 10, 2013, President Obama released his proposed Fiscal Year 2014 Budget of the U.S. Government. The budget calls for an increase in funding for the Internal Revenue Service (“IRS”), which has faced budget cuts in...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

Stinson - Corporate & Securities Law Blog

CFTC Commissioners Bicker About Budget And Performance Report

There continues to be significant public discord amongst the Commissioners at the CFTC. According to Commissioner Scott O’Malia “Given the vast deficit spending challenges this country is facing, I do not believe it is...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

Mintz - Public Finance Viewpoints

Financial Services Legislative And Regulatory Update -- March 25‚ 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

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

Brownstein Hyatt Farber Schreck

Congress could use some "Colorado Courage"

Faced with unpleasant alternatives, Congress sometimes simply ignores problems. Its recent “solution” to the fiscal cliff is a case in point. Rather than face the problem, Congress has adopted temporary measures, postponed...more

Sheppard Mullin Richter & Hampton LLP

Sequestration: Funding Shortfalls and Unrequited Patriotism

Sequestration is slated to start January 2, 2013. Under the terms of the Budget Control Act of 2011, OMB must trim $1.2 trillion evenly from the budgets of civilian agencies and the Department of Defense from 2013 through...more

Smith Anderson

An Update on Sequestration and Government Contractors

Smith Anderson on

Overview. “Sequestration” refers to automatic federal spending cuts put in place by the Budget Control Act of 2011. The cuts go into effect January 2, 2013, unless Congress passes legislation to avoid that result. The...more

King & Spalding

Congressional Research Service Finds Sequestration Would Have “Somewhat Limited” Effect on Health Reform Spending

King & Spalding on

An October 1, 2012 report from the Congressional Research Service (CRS) analyzes the impact of impending across-the-board cuts to Federal spending known as “sequestration” on implementation of the Affordable Care Act (ACA). ...more

King & Spalding

OMB Issues Report on Likely Effects of Sequestration

King & Spalding on

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

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

Are We Headed for the “Fiscal Cliff” of Sequestration?

Like Thelma and Louise in the movie of the same name driving their convertible over the cliff, or even more analogous, like a bunch of lemmings blindly following their leaders over the precipice, as a nation we may be headed...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

Morgan Lewis

Sequestration Budget Cuts and the WARN Act

Morgan Lewis on

On July 30, the U.S. Department of Labor (DOL) issued a "guidance" letter regarding whether federal contractors must issue written notices - pursuant to the federal Worker Adjustment and Retraining Notification Act (WARN) -...more

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