Defense

July 18, 2012

Sequestration threatens fiscal 2013 funds, official says

by Amaani Lyle
American Forces Press Service

While current Defense Department contracts funded with fiscal year 2012 dollars remain unaffected by sequestration, the looming threat of the budget-cutting maneuver means funding for all DOD contracts in fiscal year 2013 is at risk of being cut, Pentagon Press Secretary George Little told reporters today.

Little responded to questions about the fate of DOD contracts once sequestration, set to occur in January, cuts an additional $500 billion in defense funding beyond DOD’s previously agreed upon $487 billion. The automatic budget cuts, part of legislation last year that raised the U.S debt ceiling, is set to slash spending across the federal government unless Congress intervenes.

“Sequestration cuts would not affect current contracts funded with fiscal 2012 dollars, that is, obligated funds,” Little said. “Anything put on contract between now and Sept. 30 – the end of the fiscal year – would also not be affected.”

But funding for all defense contracts put into place between Oct. 1 and Jan. 1, Little said, would be subject to sequestration as called for by the Budget Control Act.

“We are obviously assessing the potential impacts of sequestration; we are not planning for sequestration,” Little said. “But clearly we do need to take a look at contracts and take that into account should sequestration go into effect.”




All of this week's top headlines to your email every Friday.


 
 

 
Lockheed Martin photograph by Tom Reynolds

F-35B successfully completes wet runway, crosswind testing

Lockheed Martin photograph by Tom Reynolds F-35B aircraft BF-4, piloted by Lockheed Martin Test Pilot Dan Levin, starts down the runway as part of wet runway and crosswind testing at Edwards AFB, Calif. In an important program ...
 
 
Air Force photograph by MSgt. J. Wilcox

Tyndall AFB takes F-22 pilot training to next level

Air Force photograph by MSgt. J. Wilcox Two F-22 Raptors and a T-38 Talon from Tyndall Air Force Base, Florida, fly together during a 43rd Fighter Squadron Basic Course training mission Oct. 7, 2013 over Florida. A sortie begin...
 
 
Army photograph by David Vergun

Senior leaders explain Army’s drawdown plan

Army photograph by David Vergun No commander is happy when notified that a soldier from his or her command has been identified for early separation. But commanders personally notify those Soldiers and ensure participation in th...
 

 
Lockheed Martin photograph by Beth Groom

F-35 Rollout Marks U.S.-Australia Partnership Milestone

Lockheed Martin photograph by Beth Groom Royal Australian Air Force Air Marshal Geoff Brown delivers his remarks at the roll out ceremony for Australia’s first F-35. The official rollout of the first two F-35 Lightning II...
 
 
Air Force photograph by A1C Erin OĆ­Shea

U.S. Forces display military might at Farnborough

Air Force photograph by A1C Erin O’Shea Capt. Tom Meyers discusses the F-15E Strike Eagle’s capabilities with spectators July 17, 2014, at the Farnborough International Airshow in England. Public access was granted ...
 
 
raptors4

Raptors, Falcons fuel up in desert skies

Three U.S. Air Force F-22 Raptors assigned to the 325th Fighter Wing, Tyndall Air Force Base, Fla., fly alongside a KC-135 Stratotanker assigned to the 93rd Air Refueling Squadron, Fairchild AFB, Wash., during Red Flag 14-3, Ju...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>