Defense Daily Webinar: Budget Control Act

Defense Daily Webinar Sequestration and Potential Effects On Small Business Defense Contracting When: Thursday, September 6, 1 p.m. – 2:30 p.m. Register Now Small defense contractors are bracing for potential sequestration budget cuts that could start next January and slash $500 billion in planned defense spending over the next decade. The reductions, which total $1.2 trillion and include non-defense spending, come as the result of the Budget Control Act of 2011--which says if a super committee of lawmakers failed to craft a deficit-cutting plan (as it did), the across-the-board “sequestration” reductions would start in 2013. The law calls for the cuts to trim the same percentage from every applicable defense program, project, and activity, though the Obama administration has exempted some parts of the Pentagon budget, including military-personnel funding. Democrats and Republicans in Congress are debating ways to prevent the politically unpopular sequestration reductions, but the two sides remain at odds. The uncertainty over the pending cuts is already impacting companies, both large and small, that do business with the Defense Department. It’s unclear precisely how the Budget Control Act will be implemented and what its exact consequences will be, but the Defense Daily webinar on sequestration and its potential effects on small-business defense contracting will shed some light on this tricky subject. Find out more!