Sequester Time: Obama Signs Order
Automatic spending cuts of $85B start going into effect
By Newser Editors and Wire Services
Posted Mar 1, 2013 7:53 PM CST
President Obama gestures as he speaks to reporters in the White House briefing room.   (AP Photo/Carolyn Kaster)

(Newser) – The sequester is here. President 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. This morning's last-minute talks to avert the mess fell through. Obama had insisted on replacing the cuts, known as a "sequester" in government budget language, with tax increases and cuts spread out over time. Republicans rejected any plan that included tax revenue.

The government says the reductions will soon result in furlough notices to government employees and will trim government spending on defense contracts and in domestic government programs. Active military personnel and anti-poverty and low-income assistance programs are largely protected from the cuts. The AP offers specifics on the impact on everything from education to food safety here.

Copyright 2016 Newser, LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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Mar 3, 2013 10:09 AM CST
the gop better nor ask for any more cuts come March 27th
Mar 3, 2013 9:54 AM CST
Didn't Hoover's austerity measures after the market crash in 1929 bring about the long depression. If so, the sequester, with "across the board cuts" done haphazardly, offers us the same prospect.
Mar 3, 2013 7:11 AM CST
Our military and foreign aid and surveillance take up half of our national budget... perhaps our military should bea defense force again instead of a offensice world police force, quit buying favors from dictators in foreign lands. that alone would end our "crises"