WASHINGTON (Reuters) - President Barack Obama upon Friday signed an order that starts putting in to effect across-the-board budget cuts known as the "sequester" after he and congressional leaders failed to find an alternative budget plan. The White House released a copy of Obama's directive entitled "Sequestration Order for Fiscal Year 2013." Government agencies will now begin to hack a total of $85 billion from their budgets between Saturday and October 1. (Reporting By Matt Spetalnick; Editing by Todd Eastham)
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Friday, March 1, 2013
Obama signs order for "sequester" budget cuts
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