Mayor Bloomberg on Budget Cuts
New York Mayor Michael Bloomberg spoke with reporters after a meeting in the White House with Vice President Biden on reducing gun… read more
New York Mayor Michael Bloomberg spoke with reporters after a meeting in the White House with Vice President Biden on reducing gun violence.
In this portion of his remarks he talked about the impact on New York City of automatic sequestration budget cuts and said that Congress would "find a way to postpone the sequester". He also talked about need for immigration reform.
“Sequestration,” a legal procedure in which every federal agency has the same percentage of its budget taken back in order to cut deficit spending, was agreed to in the Budget Control Act of 2011 and scheduled to happen on March 1, 2013. close
*The transcript for this program was compiled from uncorrected Closed Captioning.
People in this video
- Bloomberg, Michael R. Mayor New York, NY
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