Sequestration is part of the Budget Control Act that mandates $1.2 trillion in cuts across federal agencies to include $500 million to the military over the next decade. Congress wrote sequestration into legislation to provide motivation for Congress to agree to a deficit reduction plan to replace the federal spending cuts. When they failed to reach such an agreement, sequestration was triggered on March 1.
The sequester will stretch across all four services of the military to include family programs. Only pay and the Department of Veterans Affairs have been exempted by President Obama from the cuts associated with sequestration. Military leaders have little flexibility in applying the cuts because the law mandates the Defense Department absorb a 9 percent cut across all programs.
|Defense Budget Military Taxes Personal Finances|
A lawmaker in the U.S. House of Representatives is calling for a fiscal 2016 defense budget that would exceed spending caps by $50 billion. Rep. William "Mac" Thornberry, R-Texas, chairman of the House Armed Services Committee, submitted the proposal in a letter Friday to Rep. Tom Price, R-Georgia, and chairman of the House Budget Committee... more
WASHINGTON -- If sequestration triggers this year it will affect every person and mission the U.S. Army has, Army Secretary John McHugh said during a Defense Writer's Group breakfast, Feb. 25. McHugh told reporters that right now his top three priorities are the budget, anything dealing with deployed or forward-deployed forces and combating sex... more
Pentagon leaders would have to again slash funding for annual training across the military unless Capitol Hill blocks budget cuts mandated by the Budget Control Act, which is scheduled to be enforced in fiscal year 2016. Units across the service had to cancel annual field exercises and cut down on flight hours in fiscal year 2013 when the ... more
WASHINGTON -- During testimony on Capitol Hill Jan. 28, Air Force Chief of Staff Gen. Mark A. Welsh III stressed the negative impact sequestration will have on future Air Force capabilities, emphasizing further budget cuts will lead to low morale and declined readiness in the Air Force. “Pilots sitting in a squadron looking out at their airplan... more
WASHINGTON -- Today's Air Force is not only smaller, but its diminutive fleet is older than it has ever been, the service's chief of staff said Jan. 28 in remarks at the Senate Armed Services Committee. Air Force Gen. Mark A. Welsh III reported to Congress that the challenge to modernize won't be easy, and will require accepting prudent operati... more