Obama Signs Order to Begin Sequester Cuts After President, Congress Can't Reach Deal

President Obama and congressional leaders today failed to reach a breakthrough to avert a sweeping package of automatic spending cuts, setting into motion $85 billion of across-the-board belt-tightening that neither had wanted to see. President Obama officially initiated the cuts with an order to agencies Friday evening. He had met for just over an hour at the White House Friday morning with Republican leaders House Speaker John Boehner and Senate Minority Leader Mitch McConnell and his...Full Story
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