Breaking News Bar
posted: 2/28/2013 6:52 PM

Automatic cuts will have to wait until midnight

hello
Success - Article sent! close
  • President Barack Obama isn't likely to order the automatic spending reductions until as late as possible on Friday -- to allow for a deal of some sort to be made.

      President Barack Obama isn't likely to order the automatic spending reductions until as late as possible on Friday -- to allow for a deal of some sort to be made.
    ASSOCIATED PRESS

 
Associated Press

WASHINGTON -- The White House says automatic spending reductions set to kick in Friday will be put off until as close to midnight Friday night as possible. Call them the Cinderella cuts.

The law, passed by Congress on Jan. 2 simply says that "on March 1, 2013, the president shall order a sequestration for fiscal year 2013." That's budget talk for an $85 billion reduction in defense and domestic spending between now and Oct. 1. Obama can issue that order at any point in the day.

And White House press secretary Jay Carney says that means midnight, Friday -- or as close to midnight as possible: 11:59 p.m. and 59 seconds.

Because, Carney's says, Obama is "ever hopeful."

Share

Interested in reusing this article?

Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.

The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.

Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Name * Company Telephone * E-mail *

Message (optional)

Success - Reprint request sent Click to close
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here