Originally posted 3.1.13
As you have no doubt been following in the headlines, specific parts of the federal budget, including that of the National Endowment for the Arts (NEA), will be impacted by a budgetary control called “sequestration” beginning today. This sequester, totaling $85 billion, will reduce funding to almost all areas of domestic social programs by about 5 percent, which would mean about $7.3 million at the NEA.
This cut has been expected ever since the congressional “supercommittee” of 2011 failed to find agreement on how to achieve $1.5 trillion in deficit reduction over 10 years, either through spending cuts, raising revenue, or by a combination of both. Since the possibility of the sequester was triggered, the White House’s Office of Management & Budget has alerted impacted federal agencies to prepare for it by withholding grant competitions, utilizing employee furloughs, reduced service and other budget cutting actions.