The failure of the Congressional Super Committee to reach a deficit reduction agreement triggers automatic federal spending cuts beginning the next fiscal year, which will likely make a lot of government IT contractors nervous.
Beginning in fiscal 2013, the government will have to cut $1.2 trillion over 10 years under a process called "sequestration."
The first indications of how those cuts may impact federal tech spending may appear in the first federal budget proposals expected in February. The impact of the cuts on tech companies may be mixed, say analysts.
Ray Bjorklund, chief knowledge office at Deltek (formerly Federal Sources), believes that federal IT spending will still rise one or two percent in the next budget. Read more...