By Stephen Clark, Spaceflight Now, 09.16.12
NASA stands to lose nearly $1.5 billion in 2013 unless Congress acts to reduce budget deficits by the end of the year, and the outlook is even worse for U.S.
The report was ordered by Congress to detail the Obama administration's plans for sequestration, automatic across-the-board budget cuts due to take effect Jan. 2.
The White House and Congress agreed on the sequestration plan in 2011 as part of a compromise to raise the federal government's debt limit. Sequestration was meant to be a "poison pill" to compel leaders in both parties to reach an agreement to reign in the budget deficit.
But the White House and Congress have not come up with a plan for deficit reduction. House Republicans demand a budget using only spending cuts to put a dent in the deficit, while President Obama and Senate Democrats favor a blueprint with tax increases and funding markdowns.
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[Image: Pete Souza]