Login or Register
Welcome , Settings |  Logout

White House: Automatic Cuts 'highly Destructive'

Tuesday, 31 Jul 2012 03:53 PM

 

Share:
More . . .
A    A   |
   Email Us   |
   Print   |

The White House is telling agency officials to "continue normal spending and operations" even as they face what the administration is calling "highly destructive" across-the-board budget cuts in January.

Acting White House budget chief Jeffrey Zients says President Barack Obama remains confident that lawmakers will act to address the automatic spending cuts, which would slash the Pentagon budget by about 10 percent and also slam domestic programs if the cuts were allowed to take effect on Jan. 2.

Zients said in a memo to agency heads that the budget office will be consulting with agencies on how the spending cuts would have to be implemented if Congress and Obama together fail to avert them.

The automatic cuts were set up to prod last year's deficit "supercommittee" to reach agreement.

© Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
More . . .
   Email Us   |
   Print   |
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by n class="logo-disqus"> Disqus
 
Email:
Country
Zip Code:
 
Hot Topics
Top Stories
Around the Web
You May Also Like

Justice Department Investigated NY Times Reporter Over Stuxnet Story

Saturday, 25 May 2013 21:41 PM

The Department of Justice investigated alleged national security leaks to a reporter for The New York Times over his sto . . .

George W. Bush: Only Time Will Judge My Legacy

Saturday, 25 May 2013 18:03 PM

Former President George W. Bush said that only time will judge his presidency – “and I’m really comfortable with that.” . . .

Rand Paul To Seek Re-Election to Second Term

Saturday, 25 May 2013 16:20 PM

Kentucky Sen. Rand Paul will seek re-election to Congress in 2016 — but he’s not ruling out a run for the White House th . . .

 
 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved