Sequester

Obama 5% of Salary Returned to Treasury

April 4, 2013, 10:35 am

Obama 5% of salary returned to treasury: U.S. President Barack Obama has decided to return 5 percent of his $400,000 salary to show solidarity with federal employees adversely [...]

How the Sequester Could Impact San Francisco

March 28, 2013, 6:00 am

While the full impact of cuts resulting from the federal sequester is still uncertain, the mayor’s budget office estimates the Central Subway project, the city’s public [...]

Obama, Republicans Set to Compromise on Sequester Cuts

March 6, 2013, 6:03 am

Republicans and Democrats are likely to make some compromises on Wednesday to ease the $85 billion in government spending reductions brought in by the sequester, officials [...]

Tax Receipts to Hit Record of $2.7 trillion in 2013

March 5, 2013, 10:40 am

A government body thinks tax receipts will hit a nominal record of $2.7 trillion in fiscal year 2013, according to the Congressional Budget Office. Despite the increase, they [...]

Small Businesses in New York Hit By Sequester

March 4, 2013, 2:40 pm

The automatic cuts, or sequester, that was triggered Friday, will result in a $5.5 million blow to the Small Business Administration nationwide. Small businesses in New York [...]

Lockheed Stocks on the Rise Since Last Minute Contract

March 1, 2013, 3:51 pm

Lockheed Martin Corp. won another contract to build F-35 fighter jets just hours before the U.S budget cuts, known as sequestration, were set to take effect Mar. 1.

Lockheed Martin Gets Contract Just Before Sequester

March 1, 2013, 2:52 pm

Lockheed Martin Corp., a major U.S weapons contractor was awarded a $333.7 million contract just moments before the sequester was set to take effect.

Obama, Boehner Sequester Meeting Ends Without Agreement

March 1, 2013, 1:02 pm

President Obama and congressional leaders fail to reach an agreement in a last-ditch effort to avoid $42 billion in effective spending cuts.

Sequestration Deal at 11th Hour Highly Unlikely

March 1, 2013, 7:51 am

Two votes on Feb. 28 to thwart the sequester failed in the Senate. President Obama will meet Congressional leaders again Friday March 1, but the probability of compromise is low.

Blame Game Escalates Over Sequester

February 27, 2013, 4:04 pm

Two days before automatic budget cuts are to kick in, the blame game between Democrats and Republicans escalates.