Job cut plan could have less impact than advertised, CBO finds
Legislation that has cleared a key House committee to cut federal jobs could have a substantially smaller impact than has been touted by both its sponsors and its critics, according to a congressional analysis.
The Congressional Budget Office on Thursday released a cost estimate of a bill that last month passed the House Oversight and Government Reform Committee seeking to reduce the federal workforce by 10 percent mainly through attrition. The idea has been raised numerous times this year in spending reduction plans. Most recently, a bill offered Wednesday in the House proposed such job cuts as a way to avoid the reductions in spending in 2013 and later that are required because the congressional "supercommittee" failed to produce deficit-cutting recommendations.
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