The House on Friday passed a Republican budget plan for fiscal 2012 that would freeze federal employees’ step increases and pay raises for five years, cut the government’s workforce by 10 percent, and require feds to pay much more into their pension plans.
H. Con. Res. 34, proposed by Rep. Paul Ryan, R-Wis., also sets a budget blueprint for the next 10 years that would cut $6 trillion in federal spending. It stands virtually no chance of passing the Senate, which is controlled by Democrats who oppose the bill.
The Federal Aviation Administration is requiring that an air traffic supervisor, rather than a controller, will handle flights when the first lady or vice president is aboard, the Associated Press reported on Wednesday.
A White House plane carrying Michelle Obama came dangerously close to a 200-ton military cargo jet and had to abort its landing at Andrews Air Force Base on Monday as the result of an air traffic controller’s mistake, according to federal officials familiar with the incident.
In a sign of just how difficult a long-term budgetary compromise will be, more than 60 percent of Economic Insiders who participated in National Journal’s poll this week rated the odds of Congress agreeing on a long-term deficit reduction plan this year at less than one-third.
Credit rating agency Standard & Poor’s dropped its long-term outlook for America’s debt position to ‘negative’ on Monday, citing concern that politicians will fail to reach agreement on how to tame the budget deficit, which is projected to be about $1.4 trillion for fiscal 2011.