Leaders of the congressional defense committees can agree on this much regarding the threat of steep budget cuts looming next year: it’s time to reach for a deal. Last August, Congress passed a law calling for $1.2 trillion in federal deficit reduction. In the absence of an agreement on how to reduce the deficit, the law institutes a $1.2 trillion across-the-board federal budget cut in January 2013. Both parties agree that the penalty, known as sequestration, would be devastating to ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must be a paid subscriber to access "Lawmakers Ready For Deal To Delay Sequestration".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.