What Sequestration Of Gov't Contracts Will Look Like
Law360, New York (February 27, 2013, 12:35 PM EST) -- Unless an unexpected compromise is reached to extend the trigger date, on March 1 the president will issue a sequestration order that requires federal agencies to make uniform percentage reductions in each separate line item in their budgets.
With the exception of the U.S. Department of Defense, the administration has been very close-mouthed in public about how agencies will implement sequestration, the speed with which they will act, and how government contractors will learn that their agreements have been targeted for termination or reduction. Based on my experience in implementing the Gramm-Rudman-Hollings sequestration in 1986, I have prepared the following analysis...
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