All news related to sequester

Obama signs order for “sequester” budget cuts: Reuters

04.03.2013 12:40

Obama signs order for “sequester” budget cuts: Reuters

YEREVAN, March 4. /ARKA/. 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, Reuters reported two days ago.

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 Oct. 1.

In his weekly radio address, Obama appealed for Republicans to work with Democrats on a deal, saying Americans were weary of seeing Washington "careen from one manufactured crisis to another."

Views: 0

Categories: Economy @en, General news, News, News of the hour | Comments Off on Obama signs order for “sequester” budget cuts: Reuters

Tags: , ,

Read more