White House Signals Start of Sequestration
- March 3, 2013
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President Obama signed an order Friday night to carry out the $85 billion sequester of fiscal 2013 spending, making official the across-the-board spending cuts that are widely projected to undercut military readiness. Along with the order, the Office of Management and Budget submitted a report to Congress detailing the cuts for each agency. Over the course of the entire fiscal year, the sequester requires a 7.8 percent reduction in discretionary defense spending, or $43 billion …

