All Pain, No Gain For Contractors As Sequester Hammer Falls

Law360, New York (March 1, 2013, 8:27 PM EST) -- Sequestration will cause massive havoc for federal agencies and their contractors after it goes into effect Friday, and the arbitrary nature of the budget cuts will blunt any savings and deficit reduction they achieve as agencies grapple with canceled contracts, delayed projects and reduced manpower, experts say.

The Senate on Thursday fumbled its last chance to stop sequestration, which imposes 12 percent in cuts from defense spending and 9 percent in cuts from nondefense, when rival Democratic and Republican bills died on essentially party-line votes....
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