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Sequestration: It's Official!

Monday, March 4, 2013   (0 Comments)
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Right about midnight on Friday, March 1, 2013 OMB issued the following sequestration order to the federal agencies.

Memorandum: Issuance of the Sequestration Order Pursuant To Section 251A of the Balanced Budget and Emergency Deficit Control Act of 1985, as Amended (3/1/13)

The order is accompanied by a report, "that provides calculations of the amounts and percentages by which various budgetary resources are required to be reduced, and a listing of the reductions required for each non-exempt budget account."

Report: OMB Report to the Congress on the Joint Committee Sequestration for Fiscal Year 2013 (3/1/13)

The order states that "agencies shall apply the same percentage reduction to all programs, projects, and activities within a budget account, as required by section 256(k)(2) of BBEDCA, 2 USC 906(k)(2). Agencies should operate in a matter that is consistent with guidance provided by OMB in Memorandum 13-03, Planning for Uncertainty with Respect to Fiscal Year 2013 Budgetary Resources and Memorandum 13-05, Agency Responsibilities for Implementation of Potential Joint Committee Sequestration.”

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