The Office of Management and Budget and the Office of Personnel Management issued joint guidance that establishes spending caps on federal employee bonuses, but doesn't ban them, regardless of whether sequestration continues. The guidance (.pdf) caps employee bonuses at no more than one percent of aggregate salary. Senior Executive Service member bonuses are capped at no more than five percent of aggregate salary. Budgetary limitations do not apply to political appointees. The OPM guidance from August 2010 cancelling all discretionary bonuses for political appointees continues to be in effect.
House and Senate Appropriations Committee leaders urged members of the budget conference to at least agree to a discretionary topline by Dec. 2 so the committees can start working on spending bills with enough time to pass them before the government runs out of money again Jan. 15. In an Oct. 31 letter (.pdf) to budget committee leaders, Rep. Hal Rogers (R-Ky.) and Sen. Barbara Mikulski (D-Md.) also asked budget conference leaders to agree on a common discretionary topline for fiscal 2015.
While science research programs received less funding 10 years ago than they do today, they benefitted from the fact that the Energy Department had a better feel for how much money was coming. Today, however, funding levels are in flux, making long term planning difficult, said Pat Dehmer, deputy director of science programs at the DOE's office of science.
Administration officials laid out a plan to bolster the government's role in recruiting foreign investing by coordinating the effort on the federal level, in a Wednesday evening call to reporters. States and cities have been responsible for luring business from abroad, National Economic Council Director Gene Sperling told reporters.
Administration officials laid out a plan to bolster the government's role in recruiting foreign investing by coordinating the effort on the federal level, in a Wednesday evening call to reporters.
Historical Defense Department spending trends mean the DoD could face deeper budget cuts than those mandated by sequestration, Todd Harrison, an analyst with the Center for Strategic and Budgetary Assessment said in an Oct. 24 webcast. Harrison's analysis takes into account the trends that followed during drawdowns after the Vietnam War and Operation Desert Storm.
Fiscal 2014 budget negotiations start this week and there are no signs of a major bargain to end the budget stalemate. "If we focus on some big, grand bargain then we're going to focus on our differences, and both sides are going to require that the other side compromises some core principle and then we'll get nothing done," Rep. Paul Ryan (R-Wis.), who chairs the House Budget Committee, said, the AP reports.
Top military officials told a House panel Wednesday that continued sequestration would make it impossible to plan for new acquisitions, and that maintenance will have to be differed on the current military fleet. If the mandatory budget cuts continue, the Air Force would have to delay purchasing four to five F-35 joint strike fighters from its requested amount of 19, Principal Deputy Assistant Air Force Secretary William LaPlante told the House Armed Services Committee subcommittee on tactical air and land forces in an Oct. 23 hearing.
The 16 day government shutdown impacted more than just furloughed workers and the country's economy; it also backlogged government operations including major reports from agencies like the Census Bureau and the Bureau of Labor Statistics. The Census Bureau sent out a revised calendar of report Oct. 21 showing several delayed reports. The reports, which map 12 leading economic indicators, were delayed between one week and 18 days.
"In September, we expected 3% annualized growth in the fourth quarter because we thought politicians would have learned from 2011 and taken steps to avoid things like a government shutdown and the possibility of a sovereign default," ratings agency Standard & Poor's said in a statement Oct. 16, the day the shutdown ended.