SmartContracting Daily Intel for Feb. 28, 2013

It's Sequestration Eve and today's news links give you some insights into the effects it could have on government operations.

AP: Budget cuts could hurt small businesses who do business with the government or its employees

http://bit.ly/13pt7jJ

Government Executive: OMB Expands Sequestration Guidance, Increasing Scrutiny of Expenses

http://bit.ly/VdPB3C

The Hill: Sequester cuts are here to stay

http://bit.ly/YD0k5v

Defense News: DoD Seeks Budget Flexibility if 2013 Appropriation Fails To Pass

http://bit.ly/15ToAW9

Federal News Radio: IT reform bill needs to 'beef up' people section, experts say 

http://bit.ly/ZLOwT4

FCW: GSA's conference reforms bear fruit

http://bit.ly/XF6cgn

PSC Recalculates Sequestration Impact

Based on the House passage of the first continuing resolution (CR) for fiscal year 2013, PSC has recalculated the estimated annualized effect of sequestration on both the Defense Department and civilian agencies if sequestration happens on January 2, 2013. Our previous calculations are available here for comparison. 

For DoD, at the major account levels, PSC now estimates that the reduction in each “program, project and activity” will be 10.1 percent.

For the civilian agencies, at the appropriations act level, the reduction would be 8.2 percent. 

For more information about the impacts of sequestration, visit PSC's Sequestration Preparation page. 

SmartContracting Daily Intel for Sept. 17, 2012

Happy Monday! In today's news...

FCW: Planning for -- and surviving -- sequestration 

http://bit.ly/O92Dx2

Defense News: WH: Sequestration Would Cost $54.7B in 2013 for DoD

http://bit.ly/U4RC0N

Washington Post: Cuts could hit programs, federal employment

http://wapo.st/PKTr0s

Federal News Radio: Maximizing Savings in the Cloud

http://bit.ly/QwPxpy

PSC Estimates Sequestration Impact on Civilian Agencies

Since the Congress and the president have agreed to start fiscal year 2013 funding with a six month continuing resolution (CR), the fiscal year 2012 enacted levels will likely serve as the basis for determining the application of the sequestration reductions to each federal agency if it takes effect on January 2, 2013.

PSC has prepared a chart that shows our best estimate of the effect of sequestration on the top line funding for the major civilian agencies under a CR, based on the fiscal year 2012 enacted levels. It is important to note that the Budget Control Act exempts all Veterans Affairs Department programs but we have excluded the VA entirely from our sequestration calculation, even though some VA civilian agency personnel and other VA spending could be subject to sequestration. 

Earlier this month, we provided a similar analysis of the estimated effect of sequestration on the major accounts in the Department of Defense. 

Find out more about sequestration, including the latest news, on PSC's sequestration page.