The week is ending with all federal employees back to work. The shutdown is over, but sequestration is still around.
Bracing for a Second Round
Our own First Command Financial Behaviors Index® shows that federal employees are currently bracing for a second round of sequestration. The majority of survey respondents doubt that lawmakers will take appropriate actions to avoid a second round of sequestration in the coming year. Seven out of 10 reported that government furloughs negatively affected their families via no bonuses, hiring freezes, unpaid furlough days and being restricted from working overtime. Three out of five say they feel extremely or very anxious about sequestration and are responding by cutting back on everyday spending, increasing the amount they are saving and decreasing the aggressiveness of their investments.
Legislation Reopening GovernmentThe legislation, which became law early Thursday, funds the government through January 15, with most agencies funded at fiscal 2013 post-sequestration levels.
Civilian and Contractor Cuts in the ArmySequestration-related cuts mean jobs normally conducted by civilians or contractors may now be performed by the soldiers themselves. A shortage of training funds may result in more time for other duties, including, according to an Army memo, working in dining halls and as security guards.
Sources: govexec.com, militarytimes.com