Delay Sequestration By Six Months; ‘We Need To Know What We’re Doing,’ Sez Sen. Feinstein

CAPITOL HILL [updated 12:40 with Feinstein, Inouye remarks and results of amendment vote]: Sequestration drama roiled an otherwise pro forma mark-up of the Senate’s defense appropriations bill this morning, with a precious flicker of bipartisanship over the need to avert the sequester soon overtaken by disagreement over the legalities of layoff notices. If the automatic…

Senators Suggest Sequester Compromise To Save Two Million Jobs

WASHINGTON [updated 4:30 pm]: At an Aerospace Industries Association event to roll out a new report estimating that sequestration would cost the country more than two million jobs in 2013 — one million from Defense cuts, as previously reported, plus another million from cuts to non-defense agencies — Republican Senator Kelly Ayotte and Democrat Sen.…

GOP Must Move On Revenues Or Sequester Happens: Sen. Murray

WASHINGTON: If Republicans don’t agree to a “balanced” deal that raises revenues, Democrats are willing to let sequestration strike on Jan. 2nd — and the Bush tax cuts expire on Dec. 31st — Sen. Patty Murray said this afternoon in a major escalation of Congress’s ongoing game of chicken. “If we can’t get … a…

Next Week, A Storm of Sound & Fury On Sequestration

WASHINGTON: As jetlagged aerospace executives and defense reporters head home from a frankly discouraging Farnborough Air Show, Washington is gearing up for storm of stop-sequestration events this coming week. What it will actually accomplish is an open question. Sequestration has hardly been a quiet topic this past week, with a pointed, partisan, and unproductive exchange…