In football, a “triple threat” refers to a player skilled at running, passing and kicking. Federal employees are facing a triple threat of their own: from the government hitting its debt ceiling, from pending “sequestration” automatic cuts in budgets, and from a potential lapse in agency spending authority. The three relate in some ways but are separate in others.
Following are 10 questions and answers on those issues:
Q. What’s at stake for federal employees if the debt limit is exceeded?
A. The government actually has hit the ceiling already. The Treasury Department, however, has been using various financial maneuvers to free up operating money, which it projects can prevent a default for only several more weeks. Continue reading “10 questions and answers on budgetary threats to federal employees”