What ‘sequestration’ could mean for school grant seeking in 2013
By Deborah Ward
Read more by Deborah WardYou might already know that the Budget Control Act of 2011 created a Joint Commission of Congress that is charged with identifying budgetary savings of at least $1.2 trillion over the next 10 years. If a joint committee bill is not enacted by Jan. 15, 2013, an automatic spending reduction process will go in to place. Sequestration, or the cancellation of budgetary resources, will take effect on Jan. 2, 2013. Based on what I have read, I believe sequestration will have a dramatic impact on the grants field. Read more with registration.