Friday, May 10 2013 3:49 PM EDT2013-05-10 19:49:29 GMT
(RNN) - Small airport towers that faced closure due to sequestration received another reprieve from the U.S. Department of Transportation. Transportation Secretary Ray LaHood said in a statement on FridayMore >
The U.S Department of Transportation announced an extension of the 149 air traffic control towers that were scheduled to closed will remain open until Sept. 30.More >
Friday, April 5 2013 2:47 PM EDT2013-04-05 18:47:20 GMT
(RNN) - The Federal Aviation Administration said it will delay the closure of 149 air traffic control towers at small airports until June, according to the AP. In March the agency made the decision toMore >
The Federal Aviation Administration said it will delay the closure of 149 air traffic control towers at small airports until June, according to the AP.More >
Monday, March 18 2013 8:43 AM EDT2013-03-18 12:43:27 GMT
(RNN) – Will it or won't it? As people fill out their tax forms this year, they ponder whether or not the sequester will delay their anticipated refunds. The short answer is no, but that is by no meansMore >
The sequester will not affect returns. However, the last-minute passing of the American Taxpayer Relief Act pushed back the start of tax season to Feb. 8.More >
Saturday, March 2 2013 12:48 AM EST2013-03-02 05:48:05 GMT
(RNN) - Hours before the budget cuts known as sequestration were set to take effect, President Barack Obama has signed the order to begin $85 billion in across the board reductions.Copyright 2013 RaycomMore >
Hours before the budget cuts known as sequestration were set to take effect, President Barack Obama has signed the order to begin $85 billion in across the board reductions. More >
Friday, March 1 2013 7:03 AM EST2013-03-01 12:03:14 GMT
Is the sequestration scare an exaggeration or a sign that the military is an indispensable part of our economy? More >
One oft-cited study says sequestration cuts to military spending will cost about a million jobs and the nation's security will be compromised. But is that an exaggeration or a sign that the military is an indispensable part of our economy?More >
Thursday, February 28 2013 4:01 PM EST2013-02-28 21:01:52 GMT
(RNN) - With the destiny of Friday's sequester – the automatic spending cuts scheduled to go into effect – coming quickly, many Americans seem to not quite care or really understand what's going to happen. SequestrationMore >
Sequestration has not gained the momentum on social media other government crises have. Some figure discussions will eventually end in a deal, some don't know what it is.More >
Thursday, February 28 2013 11:29 AM EST2013-02-28 16:29:48 GMT
(CNN) – The White House responded to veteran journalist Bob Woodward who said Wednesday he was threatened by a senior Obama administration official following his reporting on the White House's handlingMore >
The White House has pushed back against journalist Bob Woodward's claim he was threatened via email.More >
Sunday, February 24 2013 7:00 AM EST2013-02-24 12:00:11 GMT
(RNN/CNN) - The looming sequestration will create more than political posturing and finger pointing across the aisle. The forced budget cuts to take effect on March 1 would slow down a number of U.S.More >
The budget cuts set to take place on March 1 will mean more than long lines at the airport, affecting various forms of U.S. transportation.More >
(RNN) - Hours before the budget cuts known as sequestration were set to take effect, President Barack Obama signed the order to begin $85 billion in across the board reductions.
The deadline for a deal to avoid the cuts was 11:59 p.m. Friday.
The White House Office of Management and Budget on Friday sent to Congress its report detailing cuts and laying blame for failing "to enact balanced deficit reduction legislation that avoids sequestration."
According to the Associated Press, the reductions will result in furlough notices to many government employees and will trim government spending on defense contracts and domestic government programs.
The Federal Aviation Administration says flights to major cities like New York and Chicago could face up to 90 minute delays during peak hours because of fewer air traffic controllers on duty. The FAA says they're also considering closing some air traffic control towers at less busy airports and eliminating midnight shifts at more than 60 control towers.
Seasonal employees of the country's national parks will be hired later than usual or not at all, according to Jon Jarvis, director of the National Parks Service.
Immigration and Customs Enforcement has already released some illegal immigrant detainees they call low risk.
Obama met with top Congressional leaders and Vice President Joe Biden early Friday and left with no solution to the looming deadline.
At a news conference early Friday, before he signed the order to set the cuts into motion, Obama said, "Not everyone will feel the pain of these cuts right away. The pain, though, will be real."
"The longer these cuts remain in place, the greater the damage to our economy - a slow grind that will intensify with each passing day."
The president hoped to avoid sequestration by a package that included hiking taxes. Republicans wanted spending cuts, but said they wouldn't agree to tax hikes.
While the president put the blame for the sequestration on Republicans in Congress, Republicans say the sequestration was the president's idea in the first place.
Beginning with agreements set by the Budget Control Act of 2011, the budget cuts equate to $85 billion trimmed from the 2013 fiscal year budget, beginning March 1. Nine percent will be cut from all non-defense spending and 13 percent will be cut from defense spending.
Government benefit programs protected from sequestration are Social Security, Medicaid, Children's Health Insurance Program, food stamps, military personnel and Veterans Administration.
An image of the sequestration order has began circulating the internet since the announcement.
The last time the Senate passed a full budget for the fiscal year was in April 2009.
Copyright 2013 Raycom News Network. All rights reserved.
With the recent threat of the sequester only days away, many don't have a clear understanding of what the most damaging effects are.More >
With the recent threat of the sequester only days away, many don't have a clear understanding of what the most damaging effects are. WhiteHouse.gov released a fact sheet, breaking down the effects of the sequester by the numbers.More >