Pentagon Wins Two-Month ‘Sequestration’ Reprieve | Aviation International News

Pentagon Wins Two-Month ‘Sequestration’ Reprieve

While the U.S. Congress approved legislation to postpone it, “the cloud of sequestration remains,” said Defense Secretary Leon Panetta. (Photo: U.S. Department of Defense)

January 4, 2013

The U.S. Congress has passed legislation that delays the threatened automatic cuts in federal government spending by two months until March 1, sparing for now a $55 billion reduction in the Department of Defense (DOD) budget for the current fiscal year. That budget currently stands at $552 billion, after the Congress authorized the Fiscal Year 2013 spending bill late last month. The President signed the defense authorization bill on January 3.

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