Obama signs order to begin spending cuts

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

The order makes massive cuts across federal budgets.

The order makes massive cuts across federal budgets. (3/1/13)

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.

advertisement | advertise on News 12

Trending Video

Long Island Medium Thersa Caputo sat down with 1 Interview: LI Medium talks about her health scare
According to a police release, a man and 2 Wife dies, husband injured in 2-car crash in Rocky Point
The interim dean of Stony Brook University's School 3 Dean warns professors not to use Stony Brook resources to protest
This Southold shop with an alluring aroma serves 4 East End: North Fork Roasting Company
Beloved reporter Ken Grimball is retiring from News 5 News 12 Long Island honors retiring reporter Ken Grimball

advertisement | advertise on News 12

More News

Cuts are expected to be made to the Spending cuts to affect education, security

Lawmakers say federal spending cuts, set to kick in tonight, will affect everything from aviation

Spending could be cut by $3 billion. Sandy aid facing cuts as budget standoff lingers

Officials say if Washington does not settle its bitter budget standoff, funding could be cut

The cuts could result in cuts to elective Poor school districts possibly facing federal cuts

Poor school districts could lose millions of dollars if big federal cuts kick in Friday,

The president wants Congress to approve his plan Obama urges Congress to avoid cuts

Obama spoke in front of a crowd of ship-builders in Newport News. They are some

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE