Federal budget chief to explain impact of pending defense cuts before Congress

Office of Management and Budget Director Jeffrey Zients is scheduled to testify before the House Armed Services Committee Aug. 1 to explain the possible effects of $500 billion in defense cuts on U.S. companies, including those in the design and construction industry.

July 12, 2012

Office of Management and Budget Director Jeffrey Zients is scheduled to testify before the House Armed Services Committee Aug. 1 to explain the possible effects of $500 billion in defense cuts on U.S. companies, including those in the design and construction industry.

The budget reduction is scheduled to take effect automatically unless Congress comes to agreement on an alternate budget deficit reduction plan, but it is not clear what programs and budget items the Pentagon would cut.

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