Automatic Budget Cuts | featured news

Just as computers worldwide did not crash on Jan. 1, 2000, in the "Y2K" scare and Earth itself did not shatter on Dec. 21, 2012, as some interpreters of the Mayan calendar predicted, March 1, 2013, will not be remembered as the day the U.S. government disintegrated.

House Speaker John Boehner and a top aide to President Obama are duking it out in competing columns over who is to blame for the sequester. "It is a product of the president's own failed leadership," wrote Boehner in The Wall Street Journal, nine days before the sequester -- $85 billion in automatic budget cuts -- kick in.

Defense Secretary Leon Panetta is telling Congress that if automatic budget cuts kick in on March 1 he may be compelled to furlough the "vast majority" of the Defense Department's 800,000 civilian workers....

Budget cuts could thwart efforts to strengthen the gun background check system.

Ten days before a new deadline for broad, automatic government spending cuts, the sense of urgency that surrounded other recent fiscal crises is absent. Government agencies are preparing to absorb an $85 billion hit to their budgets, and politicians, at least for now, seem willing to accept the consequences...

President Obama, back from his three-day golf getaway, on Monday made use of his bully pulpit, while Congress remains out all week, to turn up the pressure for a bipartisan agreement to avoid indiscriminate across-the-board budget cuts that will otherwise hit March 1.

Congressional Democrats and Republicans appeared far apart Sunday on a deal to avert $85 billion in federal spending reductions next month, with a top House Republican saying the cuts appear “inevitable.” The automatic cuts, known as sequester, kick in March 1 because the parties have failed to agree on a less-drastic plan to cut the federal budget and deficit.

Top Republican lawmaker John Boehner said on Wednesday that he would oppose any delay in the automatic budget cuts that are set to kick in March 1, without other spending cuts and reforms.