House Speaker John Boehner on Automatic Spending Cuts
House Speaker John Boehner spoke to reporters after meeting with President Obama about the automatic spending cuts scheduled to begin that… read more
House Speaker John Boehner spoke to reporters after meeting with President Obama about the automatic spending cuts scheduled to begin that day.
As part of a deal for raising the federal debt ceiling, the Budget Control Act of 2011 created sequestration on January 1, 2013, automatic spending cuts that are split 50/50 between defense and non-defense spending unless Congress would pass an alternate deficit reduction plan.*The cuts had been delayed until March 1, 2013, as part of a “fiscal cliff” agreement on the debt ceiling and tax increases. close
*The transcript for this program was compiled from uncorrected Closed Captioning.
People in this video
- Boehner, John A. U.S. Representative [R] Ohio
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