Related topics defense cutssequestrationOMB Advertisement The White House Office of Management and Budget (OMB) released the details of how the budget cuts required under the Budget Control Act of 2011 (BCA) will be allocated. The $1 trillion in cuts, called the sequestration, over then next decade was passed by Congress to reduce the national debt. This is the second part of a two articles on the subject. The Obama administration made a statement at the beginning of the OMB report about its beliefs about sequestration and what Congress should do to prevent these severe cuts from taking affect. Here is part of that statement: "In August 2011, bipartisan majorities in both the House and...
0 Responses to OMB: The sequestration will hurt defense and every federal program