Article updated: 3/1/2013 7:47 PM

Obama signs order to begin spending cuts

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

Associated Press

House Speaker John Boehner of Ohio speaks to reporters outside the White House in Washington, Friday, March 1, 2013 following a meeting with President Barack Obama and Congressional leaders regarding the automatic spending cuts.

Associated Press

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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.

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