Thursday, January 10, 2013

Budget cut likely to hit most Pentagon civilian workers: analyst | Reuters

Budget cut likely to hit most Pentagon civilian workers: analyst | Reuters

Almost all of the Pentagon's nearly 800,000 civilian employees would likely have to be placed on unpaid leave for a month this year if automatic defense spending cuts go into effect in March as now planned, a top defense budget analyst said on Wednesday.
Todd Harrison, a defense analyst at the Center for Strategic and Budgetary Assessments think-tank, predicted the across-the-board spending cuts, which were delayed until March 1 under a law passed on New Year's Day, were more likely than before.

"(The Department of Defense) dodged a bullet once on this. There's another round locked and loaded in the chamber. I'm not sure they can keep dodging those bullets every time ... Eventually one of them is going to hit," he told a briefing.

The Pentagon faces $500 billion in across-the-board cuts to projected spending over the next decade under a process known as sequestration. The cuts, part of an effort to address the huge U.S. budget deficits, were supposed to go into effect on January 2, but Congress passed a law delaying them until March 1.