Navy Secretary Confirmation Hearing
* Sequestration, a legal procedure in which every federal agency has the same percentage of its budget taken back in order to cut deficit spending, was part of a debt ceiling and tax increase agreement for the Budget Control Act of 2011 and began March 1, 2013.
The Senate Armed Services Committee held a confirmation hearing for Navy Secretary nominee Richard Spencer, an investment Banker and former … read more
The Senate Armed Services Committee held a confirmation hearing for Navy Secretary nominee Richard Spencer, an investment Banker and former Marine Corps helicopter pilot. Mr. Spencer, who received support from both Democrats and Republicans, outlined the budgetary constraints under “sequestration.” * He called the current situation in Navy operations nothing less than a “perfect storm” with Navy and Marine teams that have been “stretched thin.”
* Sequestration, a legal procedure in which every federal agency has the same percentage of its budget taken back in order to cut deficit spending, was part of a debt ceiling and tax increase agreement for the Budget Control Act of 2011 and began March 1, 2013. close
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