Sequestration Hurt Contracts Across The Gov't, Report Says

Law360, New York (March 10, 2014, 8:25 PM EDT) -- Sequestration impacted government contracts at each of the 23 agencies surveyed in a Government Accountability Office report released on Thursday, with the midyear defense and nondefense budget cuts creating rippling affects that may not be fully felt for years.

When sequestration kicked in on March 1, 2013, most agencies were able to use some funding flexibilities, including transferring funds between accounts or using unobligated funds from previous years, to mitigate the effect of the budget cuts, the GAO reported. But real negative impacts were felt throughout...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.