House Plan Could Defer Sequestration until 2014
A proposal by House Armed Services Chair Howard “Buck” McKeon would postpone government-wide spending cuts until fiscal 2014 by trimming the federal workforce.
McKeon’s proposal would reduce the federal workforce by 10 percent over the next decade through attrition, saving $127 billion, reported CQ Today. The savings would equal the automatic spending cuts on defense and other agencies slated to take effect in January 2013 as a result of the supercommittee’s failure to agree on a deficit reduction plan.
Acting now would provide the Defense Department another year to plan for the sequester, McKeon said. Otherwise officials would have to start planning almost immediately for a $55 billion reduction in FY 2013.
At this point, it’s not clear whether the proposal could draw sufficient support from Democrats in the Senate to advance in that chamber, according to the story. McKeon is expected to introduce his proposal Thursday.