Obama Signs Order To Begin Spending Cuts - 47 ABC - Delmarva's Choice

Obama Signs Order To Begin Spending Cuts

Posted: Updated:

WASHINGTON (AP) - 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.
    
The government says the reductions will soon result in furlough notices to government employees and will trim government spending on defense contracts and in domestic government programs. Active military personnel and anti-poverty and low-income assistance programs are largely protected from the cuts.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Homeless Sex Offenders

    Homeless Sex Offenders

    DELAWARE - Individuals featured in this slideshow are NOT wanted. They are sex offenders who have registered with Delaware State Police as homeless. These are public notifications.More >>
    DELAWARE - Individuals featured in this slideshow are NOT wanted. They are sex offenders who have registered with Delaware State Police as homeless. These are public notifications.More >>
  • Five Injured Following Ocean Pines Boat Fire

    Five Injured Following Ocean Pines Boat Fire

    Sunday, August 31 2014 10:49 PM EDT2014-09-01 02:49:55 GMT
    OCEAN PINES, Md. - Maryland Natural Resources spokesperson says five people have been hospitalized after a 24-foot boat caught ablaze in Ocean Pines.More >>
    OCEAN PINES, Md. - Maryland Natural Resources spokesperson says five people have been hospitalized after a 24-foot boat caught ablaze in Ocean Pines.More >>
  • Head-On Car Crash Kills 3 In Accomack

    Head-On Car Crash Kills 3 In Accomack

    Saturday, August 30 2014 11:39 PM EDT2014-08-31 03:39:26 GMT
    ACCOMACK COUNTY, Va. - A head-on collision has taken the lives of three after a drunk driver struck a car holding six people. The drunk driver, who was driving a van, has been arrested for DUI. The crashMore >>
    ACCOMACK COUNTY, Va. - A head-on collision has taken the lives of three after a drunk driver struck a car holding six people. The drunk driver, who was driving a van, has been arrested for DUI. The crashMore >>
Powered by WorldNow
Powered by WorldNow All content © Copyright 2000 - 2014 WorldNow and WMDT. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.