10 questions and answers on budgetary threats to federal employees

10 questions and answers on budgetary threats to federal employees

Posted by Eric Yoder on January 23, 2013 at 1:55 pm

Capitol Fall

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”

Obama to Unfreeze Federal Worker Pay in 2013 Budget

Obama to Unfreeze Federal Worker Pay in 2013 Budget

January 6, 2012

The White House will propose a 0.5 percent pay increase for civilian federal employees as part of its 2013 budget proposal, according to two senior administration officials familiar with the plans.

The modest across-the-board pay jump would be the first increase for federal workers since before a two-year freeze began in late 2010. Raises for within-grade step increases and promotions have continued during the freeze.

The proposal, which requires congressional approval, differs from Republican plans supported by lawmakers and presidential candidates that would freeze basic pay rates for one more year. Some of those plans also call for denying within-grade raises. In recent weeks, GOP lawmakers have called for extending the pay freeze as a way to pay for a payroll tax extension. Continue reading “Obama to Unfreeze Federal Worker Pay in 2013 Budget”

Federal agencies bracing for cuts after ‘fiscal cliff’ deal

Federal agencies bracing for cuts after ‘fiscal cliff’ deal

Video: President Obama is praising the bill that staves off the “fiscal cliff” tax hikes and spending cuts. The House of Representatives followed the Senate’s lead and passed the bill late Tuesday.

By and , Published: January 2

The fiscal pact Congress reached hours into the new year will delay $109 billion in automatic across-the-board spending cuts for two months. But it will make a down payment on those reductions that will affect federal operations this year and next.

The eleventh-hour agreement to avoid a “fiscal cliff” of higher taxes put off the major cuts known as a sequester until March 1, when another showdown is expected over the federal

After a ‘fiscal cliff’ deal, what next?

After a ‘fiscal cliff’ deal, what next?

By , Published: December 31 | Updated: Wednesday, January 2, 1:16 PM

The “fiscal cliff” was designed by Washington for Washington — it was intended to set up a scenario so severe that the president and Congress would, at last, have to take on the nation’s major tax and spending problems. Instead, lawmakers again found a way to sidestep many of the prickliest issues and in the process set up other, potentially more severe, showdowns in the new year.

The Senate approved a deal with the White House early Tuesday morning that would spare the middle class from an income tax increase, extending tax breaks first enacted under President George W. Bush for individuals making less than $400,000 and couples making less than $450,000.

Tentative Deal Is Reached to Raise Taxes on the Wealthy

The New York Times
December 31, 2012

Tentative Deal Is Reached to Raise Taxes on the Wealthy

By

WASHINGTON — Furious last-minute negotiations between the White House and the Senate Republican leadership on Monday secured a tentative agreement to allow tax rates to rise on affluent Americans, but the measure was not going to pass in time for Congress to meet its Dec. 31 deadline for averting automatic tax increases and spending cuts deemed a threat to the economy.

While some senators pushed for a quick vote on legislation to avoid the so-called fiscal cliff, the House was not expected to consider any deal until Tuesday at the earliest, meaning that a combination of tax increases and spending cuts would go into effect in the first days of 2013. If Congress acts quickly and sends a deal to President Obama, the economic impact could still be very limited. Continue reading “Tentative Deal Is Reached to Raise Taxes on the Wealthy”