- April 8, 2014
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Members of the Senate Armed Services Committee plan on holding informal discussions on ways to loosen the 2011 Budget Control Act spending caps. Congress has provided partial relief to the automatic cuts in the first three years of sequestration, but starting in fiscal 2016 they are slated to be fully imposed, amounting to more than $50 billion in spending reductions annually. Sen. Angus King (I-Maine) said the committee is well-suited to tackle the issue because it’s bipartisan, broadly representative of both parties and more familiar with the impact of sequestration than other committees since DOD represents half of the spending cuts. Committee Chairman Carl Levin (D-Mich.) previously has talked about the effort. “I don’t know where it’s going. I just wanted to open up a discussion in the committee about what to do about sequester instead of just complaining about it,” King told the Hill on Tuesday.