With only days to go before the country reaches the end-of-the-year fiscal cliff, there are some signs of hope that a deal might be within reach. Speaker John Boehner (R-OH) announced that the House of Representatives will be called back into session on Sunday—both President Obama and the Senate have already returned to Washington—for a last ditch effort to reach a deal in the final hours of 2012.
Posted by Application Administrator at 4/15/2013 2:12:30 PM
In the closing days of the 112th Congress, President Obama and congressional Republicans have reached a stalemate over the looming fiscal cliff.
Posted by Application Administrator at 4/15/2013 2:11:45 PM
With only three weeks left in the 112th Congress and less than a month to go before the deadline for the “fiscal cliff,” the White House and congressional leaders have made little progress in addressing the expiring tax cuts and automatic, across-the-board spending cuts to discretionary programs known as sequestration.
Posted by Application Administrator at 4/15/2013 2:07:50 PM
A recent poll released by the business advocacy group Small Business Majority found that an overwhelming majority of small business owners are concerned about the effect that the looming fiscal cliff—a combination of expiring tax cuts and across-the-board spending cuts under sequestration that could take effect in January—will have on federal funding for CTE and the workforce system.
Posted by Application Administrator at 4/15/2013 2:02:26 PM
The lame duck session, the period between the end of the election season and the beginning of the first session of the new Congress in January, can often be little more than a procedural formality—a time for an incoming Administration or new congressional majority to run out the clock until they can officially take power and begin pushing a new legislative agenda. However, with many matters unresolved and a looming deadline attached to critical fiscal policy issues that threaten to throw the economy back into a tailspin, the last six weeks of the 112th Congress may prove to be the most crucial.
Posted by Application Administrator at 4/15/2013 1:58:50 PM
In a recent speech at the National Press Club in Washington, D.C., Secretary of Education Arne Duncan touted the Administration’s efforts to strengthen education, while putting forward an agenda for the future. He noted the important role that education has in rebuilding the economy and preparing a highly trained, competitive workforce. Additionally, he laid out a set of important goals for the Department moving forward. Among them was enacting reforms in CTE at the secondary and postsecondary levels as well as more closely aligning CTE with the private sector.
Posted by Application Administrator at 4/15/2013 1:48:35 PM
Shortly after midnight on Saturday, the Senate passed a six-month Continuing Resolution (CR) that will take effect next week, the beginning of Fiscal Year (FY) 2013, and will last until March 27. The House has already approved the short-term measure that will essentially keep funding on autopilot until the spring. We are pleased to report that the CR provides level-funding for Perkins!
Posted by Application Administrator at 4/15/2013 1:47:56 PM
On Friday, the Office of Management and Budget at the White House released a new report that examines how federal funding might be impacted by sequestration. Without congressional intervention, sequestration is scheduled to go into effect on January 2, 2013. According to the report, all non-defense discretionary (NDD) programs that are not exempt from sequestration will be cut 8.2 percent. This means that the Perkins stands to lose approximately $92 million in Fiscal Year 2013 alone!
Posted by Application Administrator at 4/15/2013 1:37:14 PM