3:10 am, January 3, 2013
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Don't Miss: Live online chat with Charlie Armstrong, CIO of Customs and Border Protection. Tomorrow Jan. 3, 11 a.m. Submit your questions now or ask them live. Get more info.

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(Image: AP/Federal News Radio)

Sequester delayed for two months; pay freeze extension still possible

A bill averting the "fiscal cliff" now heads to President Barack Obama for his signature. The bill delays sequestration cuts from taking effect for two more months and stops a pay increase for lawmakers. The House also passed a separate bill to extend the pay freeze for federal workers for all of fiscal 2013. But the Senate still must pass the bill.

Quote of the Day

left quotation marksTonight's agreement further reduces the deficit by raising $620 billion in revenue from the wealthiest households in America, and there will be more deficit reduction as Congress decides what to do about the automatic spending cuts that we now have delayed. right quotation marks

-- President Barack Obama
on passage of fiscal cliff bill

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Charlie Armstrong, CIO of CBP, joins us for an online chat Jan. 3 at 11 a.m. Submit your questions.
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L Income 15.7966 0.08 4.28%
L 2020 19.0266 0.24 9.12%
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