07/31/2012
https://www.congress.gov...
"If sequestration is triggered . . . much of the work going into the fiscal year 2014 budget will have been an exercise in futility."
"Well, obviously, I share Senator Ayotte and Senator King's concern."
"Secretary Carter, could you describe the anticipated affects sequestration would have on the contract management within DOD particularly regarding contract fees and penalties?"
"I am pleased to see that DOD was able to protect its investments in ship construction despite the difficult challenges imposed by sequestration."