The legislation President Barack Obama signed Jan. 2 postponed the fiscal cliff and means changes to military and civilian paychecks, Defense Finance and Accounting Service officials said today. The legislation increases Social Security withholding taxes to 6.2 percent. For the […]
Post Tagged with: "Fiscal cliff"
Knowing there’s a possibility the government will go over a “fiscal cliff” on midnight, Dec. 31, the Army recognizes some of the challenges it will face, but a senior leader said Thursday its priority will be to maintain readiness of […]
With a comprehensive “grand bargain” agreement on taxes and spending unlikely to succeed in the lame duck session, there is a strong possibility that sequestration will commence on January 2, argue experts David W. Barno, Nora Bensahel, Joel Smith and […]