Obama Signs Order To Begin Spending Cuts

President Barack Obama on Friday signed the sequestration order authorizing the government to begin cutting $85 billion.

Carolyn Kaster / AP

President Barack Obama pause as he speaks to reporters in the White House briefing room in Washington, Friday, March 1, 2013, following a meeting with congressional leaders regarding the automatic spending cuts.

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 Sequestration Order

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