Sequestration Report Due from White House
Today is the day that the White House Office of Management and Budget (OMB) should submit a report to Congress on how it will implement the sequester if Congress does not act to avoid it.
The report is required by the Sequester Transparency Act, passed by Congress just before it recessed and signed by the President on August 7. The report is due 30 days after the bill is signed into law, which is today.
Voices from all quarters are warning of calamity if the sequester actually goes into effect on January 2, Several organizations have put forward their estimates of just how much would have to be cut in FY2013 and future years, but the official numbers will be those from OMB. Check back later today; we will post information when it becomes available.
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