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Keyword: obamasignssequester

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  • Obama signs order for "sequester" budget cuts (It's now official)

    03/01/2013 6:10:31 PM PST · by smoothsailing · 79 replies
    Reuters ^ | 3-1-2013 | Matt Spetainick
    March 1, 2013 Obama signs order for "sequester" budget cuts Matt Spetainick (Reuters) - President Barack Obama on Friday signed an order that starts putting into effect across-the-board budget cuts known as the "sequester" after he and congressional leaders failed to find an alternative budget plan. The White House released a copy of Obama's directive entitled "Sequestration Order for Fiscal Year 2013." Government agencies will now begin to hack a total of $85 billion from their budgets between Saturday and October 1.