White House to Report on Automatic Spending Cuts Situation
The White House will deliver to Congress on Friday a report on possible deep year-end automatic spending cuts, spokesman Jay Carney said on Thursday.
The spending cuts would go into effect under a process called sequestration if lawmakers cannot reach a deal on preventing them. President Barack Obama is required under law to specify how funding for specific programs would be affected.
Source: Reuters. Read full article. (link)
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