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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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  • SimpleMan||

    "Steep"

  • Kurbster||

    If cutting 2.3% of yearly spending turns everyone into chicken little, we are screwed

  • homme nike air max TN||

    Obama acted Friday, the deadline for the president and Congress to avoid the steep, one-year cuts. http://www.toairmaxfr.com

  • Sarah Conner||

    Obama isn't signing those papers. It's those damned Republicans again.

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