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”
Pay and Benefits, Post-Holiday and Post-Cliff
By Kellie Lunney
The last week has been a blur for everyone tuned into the fiscal cliff drama. The marathon legislative sessions on Capitol Hill between Christmas and New Year’s Day produced lots of federal compensation news but because of the evolving nature of the debate, it was tough to keep track of what actually squeaked through.
Here’s a recap of what happened this past week regarding some federal pay and benefits:
- House-backed pay freeze extension: The big federal compensation news this week was the last-minute legislation the House passed to extend the salary freeze on civilian feds through 2013. Republican lawmakers managed to push through a bill on New Year’s Day that would block a scheduled salary increase for federal employees this spring, as well as prevent a raise for lawmakers from taking effect. But the new Congress convenes at noon on Thursday, making Senate action on the pay freeze extension legislation extremely unlikely. Continue reading “Pay and Benefits, Post-Holiday and Post-Cliff”