Government Sequestration Set To Begin
By: WROC-TV
Updated: March 1, 2013
Today is the day the government begins slashing its budget.
The government has to cut $85 billion through across-the-board budget cuts from now through the end of the fiscal year. The President has until midnight to sign the order which will kick off the deductions. But first, he will host Democrat and Republican congressional leaders for a discussion about how to move beyond the impasse to repeal the cuts. But do not expect any legislation this weekend because Congress has adjourned until Monday.
The government has to cut $85 billion through across-the-board budget cuts from now through the end of the fiscal year. The President has until midnight to sign the order which will kick off the deductions. But first, he will host Democrat and Republican congressional leaders for a discussion about how to move beyond the impasse to repeal the cuts. But do not expect any legislation this weekend because Congress has adjourned until Monday.
