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.


 
 

 
Army photograph by SFC Walter E. van Ochten

U.S., Ukraine, Romania, Bulgaria train together at Rapid Trident 2015

Army photograph by SFC Walter E. van Ochten U.S. soldiers, of the 3rd Platoon, 615th Military Police Company, 709th Military Police Battalion, react as they conduct reacting to contact training as part of their situational trai...
 
 
Army photograph by Sgt. Juana M. Nesbitt

Estonian, US forces receive new jump wings

Army photograph by Sgt. Juana M. Nesbitt Pvt. Kalmer Simohov, of Parnu, a volunteer with the Estonian Defense League, receives his U.S. Army Airborne wings following the joint airborne operations exercise at a drop zone in Nurm...
 
 
Air Force photograph by SrA. Thomas Spangler

Red Flag offers B-52 crews training that ‘can’t be beat’

Air Force photograph by A1 Class Rachel Loftis A B-52 Stratofortress assigned to the 69th Bomb Squadon, Minot Air Force Base, N.D., taxis for take off during Red Flag 15-3 at Nellis Air Force Base, Nev., July 15. The B-52 is a ...
 

 
navy-decommission3

Final West Coast frigate, USS Gary, decommissioned

Navy photograph by POCS Donnie W. Ryanl The guided-missile frigate USS Gary (FFG 51) arrives at Naval Base San Diego after completing its final deployment before decomissioning. During the seven-month deployment Gary operated i...
 
 
Air Force photographby A1C Mikaley Towle

‘Thunder’ rolls at Fort Irwin

Air Force photographby A1C Mikaley Towle An Airman assigned to the 22nd Special Tactics Squadron, Joint Base Lewis-McChord, Wash., observes as an A-10 Thunderbolt II circle before landing in support of Green Flag West 15-08.5 o...
 
 
DT2

‘Blue’ forces power through Red Flag 15-3

U.S. Air Force photo by Staff Sgt. Siuta B. Ika An F-16 Fighting Falcon assigned to the 480th Fighter Squadron, Spangdahlem Air Base, Germany, flies during a Red Flag 15-3 sortie at Nellis Air Force Base, Nev., July 17. Red Fla...
 




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=""> <s> <strike> <strong>