Todd Harrison, senior fellow for Defense Budget Studies at the Center for Strategic and Budgetary Assessments (CSBA), held a press briefing to discuss how the American Taxpayer Relief Act (ATRA) alters sequestration and what it means for defense.
In addition to averting most of the so-called "fiscal cliff," ACTRA, signed into law on January 2, delays sequestration by two months, reduces the amount of cuts in proportion to the delay and alters the way the budget caps are applied in FY2013.