Automatic cuts will have to wait until midnight

By: Assocaited Press Email
By: Assocaited Press Email

Stay up-to-date with KAKE News:

February 28, 2013

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 says, Obama is "ever hopeful."


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 194112541