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Navy/USMC

Navy Comptroller Readying For Pain Of “Meat Cleaver” Sequester

Tuesday, October 17th, 2023

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Navy Comptroller Readying For Pain Of “Meat Cleaver” Sequester

Russell Rumbaugh, Assistant Secretary of the Navy for Financial Management and Comptroller. He has served in the position since January 2023. (Photo: U.S. Navy)

The Navy is getting ready for the ‘meat cleaver” of cuts from a sequester if Congress does not pass a new appropriations bill before the new year, the service’s comptroller said this week. According to the Fiscal Responsibility Act that was passed earlier this year as part of a deal to raise the debt limit, if Congress does not pass appropriations bills before January 1, 2024, the bill imposes caps for all discretionary spending at 99 percent of fiscal year…

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