Can Contractors Rely On OMB’s WARN Act ‘Guidance’? (The Government Contractor)

    31 October 2012

    The Ticking Financial Time Bomb—Since the Joint Select Committee on Deficit Reduction failed to reduce the deficit by $ 1.2 trillion by Jan. 15, 2012, the Balanced Budget and Emergency Deficit Control Act of 1985 (BBEDCA), as amended by the Budget Control Act of 2011 (BCA), 2 USCA § 901a, requires the president to issue a sequestration order on Jan. 2, 2013, which will automatically cut both defense and non-defense appropriations. (Sequestration refers to the permanent cancellation of budgetary resources by discretionary appropriations or direct spending law. See 2 USCA § 900(c) (2); 2 USCA § 906(k).)

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    Reprinted with permission from The Government Contractor.