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.


 
 

 
Navy photograph

USS Roosevelt marks 200,000 trap

Navy photograph An F/A-18F Super Hornet flown by Capt. Daniel Grieco, commanding officer of the aircraft carrier USS Theodore Roosevelt (CVN 71), and Capt. Benjamin Hewlett, deputy commander of Carrier Air Wing (CVW) 1, complet...
 
 
Navy photograph by PO1 William Larned

USS California returns from maiden deployment

Navy photograph by PO1 William Larned The Virginia-class attack submarine USS California (SSN 781) returns from its maiden deployment to its homeport at Naval Submarine Base New London. Under the command of Cmdr. Shawn Huey, Ca...
 
 
Army photograph

Army proves new watercraft capabilities

Army photograph Marine Corps assets are loaded onto the USNS Sgt. Matej Kocak (T-AK 3005), from an U.S. Army Landing Craft Utility, or LCU, USAV Port Hudson during port operations, at White Beach Naval Base, Jan. 22, 2015. Sold...
 

 
Army photograph by Kashia Simmons

Improved Army system, training to increase vigilance

Army photograph by Kashia Simmons Vigilant Pursuit provides dedicated tactical pursuit vehicle-mounted and dismounted assets that utilize cutting-edge technologies, enabling Signal Intelligence, or SIGINT, and Human Intelligenc...
 
 
Air National Guard photograph by SSgt. Annie Edwards

ANG conducts air refueling training with NATO allies in Germany

Air National Guard photograph by SSgt. Annie Edwards A NATO E-3A AWACS aircraft approaches a Utah Air National Guard KC-135R Stratotanker for air refueling during a training flight over Germany on Jan. 13, 2015. Nearly 30 airme...
 
 
Air Force photograph by SrA. Armando A. Schwier-Morales

Ramstein Airmen train with French air force

Air Force photograph by SrA. Armando A. Schwier-Morales Two U.S. Air Force pilots and a French air force navigator discuss the route to the drop zone during a simulated low-level drop Jan. 21, 2015, at Orleans – Bricy Air...
 




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>