The Sequester

Sequester Has Air Force Clipping Its Wings

Larry Abramson — Sat, 11 May 2013 09:30:00 +0000

The Pentagon says the automatic budget cuts known as sequestration could leave the U.S. with a military that is simply unprepared for the most challenging combat missions. Secretary of Defense Chuck Hagel told Congress in April that the military is eating its seed corn.

"The cuts will fall heavily on maintenance and training, which further erodes the readiness of the force and will be costly to regain in the future," he said.

Furloughs Only The Latest Blow To Federal Worker Morale

Yuki Noguchi — Thu, 09 May 2013 06:51:00 +0000

Federal workers say they don't have much to celebrate these days.

Furloughs began in April, exacerbating already low morale for many government agencies as budgets have tightened. Downsizing has meant more work for those who remain, and talk of further cuts has many worried about job security. This year is also the third that federal workers haven't received a pay increase, contributing to discontent.

Jenny Brown is in her 27th year as an examiner for the Internal Revenue Service, where she answers peoples' tax questions.

Schools On Military Bases Also Fall Victim To Sequester Cuts

Sat, 04 May 2013 20:52:00 +0000

Transcript

KELLY MCEVERS, HOST:

It's been two months since the across-the-board budget cuts known as sequestration officially went into effect. The decision on that was made here in Washington, but the effects are being felt all over the country. Take, for example, a chunk of money called impact aid.

JACK BOOGAARD: There's three different kids that can receive this type of money called impact aid.

MCEVERS: That's Jack Boogaard. He's an assistant superintendent of schools in Central California.

The Federal Deficit Is Actually Shrinking

Scott Horsley — Wed, 01 May 2013 20:37:00 +0000

During the housing bust, taxpayers were forced to bail out mortgage giants Fannie Mae and Freddie Mac. But thanks to the real estate recovery, Fannie Mae could end up paying tens of billions of dollars back to the Treasury this summer.

That's just one of the factors behind a better bottom line for the federal government.

Sequester Puts Some Needing Housing Aid 'Back To Square One'

Pam Fessler — Tue, 30 Apr 2013 19:56:00 +0000

Congress decided last week to ease the effects of the across-the-board federal spending cuts on travelers upset over airport delays. But low-income Americans who rely on government housing aid are still feeling the pain.

Housing authorities across the country have all but stopped issuing rent vouchers as they try to deal with the cuts known as sequestration.