OMB Report on Sequestration Delayed to Next Week

White House Press Secretary Jay Carney told reporters today that the Office of Management and Budget (OMB) report to Congress on the impact of sequestration will not be delivered today, but late next week.

The report is required by the Sequestration Transparency Act, passed just before Congress left for recess in August.  Reaction to the delay is as expected, with congressional Republicans critical and others pointing out that Congress is not very successful in meeting deadlines either -- it plans to pass a six-month Continuing Resolution for the first half of FY2013 because it has not completed work on the 12 appropriations bills.

A variety of estimates have been made by several groups about the impact of sequestration if it actually goes into effect, but OMB's word will be the definitive one.