On October 2, 2012, the Congressional Research Service published a report entitled“Peace Corps Issues”. The potential impact to Peace Corps of sequestration was discussed.
From the report:
Also, pending sequestration would likely severely cut the current Peace Corps funding level. On September 14, 2012, the Office of Management and Budget issued its report on possible sequestration actions that might be taken on January 2, 2013,if requirements of the Budget Control Act of 2011 (P.L. 112-25) are not met. Under sequestration,the Peace Corps budget would possibly be cut by 8.2%, or about $31 million.
This statement may be altered by directives from the Office of Budget and Management or other policy mandates, if sequestration actually goes into effect. It is hoped that in that unfortunate event, Peace Corps will post on its official website the actual changes that will happen. A FOIA request is pending asking for those potential changes, but it is not expected that the request will be filled until the end of January.
To download the PDF of this complete report, the text to link to is:Congressional Research Service Report.