Budget Control Act

Wall Street holds its nerve as spending cuts near

85 days ago

The Budget Control Act, signed in to law in August 2011, was meant to end the nation's debt crisis and force lawmakers to come up with a measured approach to reduce the deficit.

In efforts to tame deficits, Obama leans against spending cuts

86 days ago

And Bixby notes Obama did sign the 2011 Budget Control Act, which spawned not only the sequester - the spending cuts Obama now is looking to avert - but also imposed budgetary caps on...

Pentagon says forced spending cuts would be disastrous

88 days ago

The looming budget ax results from the inability of Democrats and Republicans to reach a deal that would satisfy their own Budget Control Act of 2011.

Without a budget accord, Pentagon prepares for furloughs

88 days ago

The looming budget ax is the result of the inability of Democrats and Republicans to reach a deal that would satisfy their own agreed-to Budget Control Act of 2011.

McKeon says Pentagon's fiscal woes were avoidable

96 days ago

The military also has to absorb a $487 billion reduction in defense spending over the next 10 years mandated by the Budget Control Act passed in 2011.

Pentagon official blames gridlock for looming cuts

97 days ago

The automatic cuts, which critics say would undermine the military's readiness, would be in addition to a $487 billion reduction in defense spending over the next 10 years, mandated by the 2011...

Cuts would turn U.S. into second-rate power, Panetta says

101 days ago

The automatic cuts would be on top of a $487 billion reduction in defense spending over the next 10 years under the Budget Control Act passed in 2011.

U.S. defense industry adapts to newly cost-conscious Pentagon

107 days ago

Under the Budget Control Act of 2011, the Defense Department must make $500 billion in automatic across-the-board reductions over the next decade.

Turning tide? Lawmakers look to Pentagon for budget cuts

112 days ago

The defense budget fell to $656 billion last year, mainly because of the cuts in the 2011 Budget Control Act.

Defense contractors mum as nation nears 'fiscal cliff'

142 days ago

For months, the defense industry has been predicting economic calamity if Congress does nothing to stop sequestration, a legislative term for the process mandated in the Budget Control Act of 2011.

Boehner might be wishing he'd taken that last deal

145 days ago

After the 2010 midterm elections, Republicans forced the passage of the Budget Control Act, which included more than $1 trillion in spending cuts and no offsetting tax increases.

'Fiscal cliff' would cost hundreds of thousands of federal jobs

164 days ago

An estimated 277,000 federal workers and 470,000 federal contractors might lose their jobs in the next 12 months, according to a study by George Mason University, as part of cuts stipulated in the...