Obama Signs Order to Begin Sequestration Cuts
President Barack Obama has signed an order authorizing the government to begin cutting $85 billion from federal accounts, officially enacting across-the-board reductions that he opposed but failed to avert.
Obama acted Friday, the deadline for the president and Congress to avoid the steep, one-year cuts.
Obama has insisted on replacing the cuts, known as a "sequester" in government budget language, with tax increases and cuts spread out over time. Republicans have rejected any plan that included tax revenue.
Source: AP. Read full article. (link)
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"Steep"
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If cutting 2.3% of yearly spending turns everyone into chicken little, we are screwed
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Obama acted Friday, the deadline for the president and Congress to avoid the steep, one-year cuts. http://www.toairmaxfr.com
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Obama isn't signing those papers. It's those damned Republicans again.