Tom Shoop talked about the impact of sequestration spending cuts. Topics included how the cuts take place, furloughs, the role of the Office of Management and Budget (OMB( and the March 27 expiration of the continuing resolution to fund the government. Mr. Shoop also responded to viewer phone calls and electronic communications, and questions from Mount Vernon High School in Fairfax County, Virginia.
“Sequestration,” a legal procedure in which every federal agency has the same percentage of its budget cut in order to take back deficit spending, was agreed to in the Budget Control Act of 2011 and scheduled to happen on March 1, 2013.