Sequestration: NASA to Lose $1.5 Billion

Sequestration would come at 'great cost' to NASA
BY STEPHEN CLARK
SPACEFLIGHT NOW
Posted: September 16, 2012


NASA stands to lose nearly $1.5 billion in 2013 unless Congress acts to reduce budget deficits by the end of the year, and the outlook is even worse for U.S. military space programs, according to a report released on Friday by the White House.

President Obama in the Oval Office. Credit: Official White House photo by Pete Souza

The report was ordered by Congress to detail the Obama administration's plans for sequestration, automatic across-the-board budget cuts due to take effect Jan. 2. The White House and Congress agreed on the sequestration plan in 2011 as part of a compromise to raise the federal government's debt limit. Sequestration was meant to be a "poison pill" to compel leaders in both parties to reach an agreement to reign in the budget deficit.

More: http://www.spaceflightnow.com/news/n1209/14sequestration/

Source: Spaceflightnow.com .

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