Last Friday, as required under The Sequestration Transparency Act of 2012 (P. L. 112–155), the Obama Administration released a
report
detailing the automatic cuts scheduled to take effect in January,
unless Congress can pass an alternative deficit reduction plan before
then. The report outlines the breakdown of exempt and non-exempt federal
accounts, an estimate of the funding reductions that would be required
across non-exempt accounts, an explanation of the calculations in the
report, and additional information on the potential implementation of
the sequestration. Since the full Congress has yet to pass any FY 2013
appropriation bills, the calculations and estimates provided in the
report are based on assumptions that a continuing resolution for FY 2013
would be approved at the same funding levels as in FY 2012. Of course,
any appropriations legislation enacted for the FY 2013 will change the
estimates provided in this report.
The
Administration acknowledges that sequestration is not the likely path
forward to achieve the goal of deficit reduction and urges Congress to
seek a more balanced deficit reduction plan through legislation that
would replace the arbitrary, across-the-board reductions laid out in
this report. CWLA has created a
sequestration chart with preliminary estimates of cuts to selected programs serving vulnerable children and families.
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