House Speaker Weekly Briefing
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 that covered the debt ceiling and tax increases.
In his weekly briefing with reporters House Speaker John Boehner talked about sequestration budget cuts and his White House meeting with President… read more
In his weekly briefing with reporters House Speaker John Boehner talked about sequestration budget cuts and his White House meeting with President Obama, both scheduled to happen the following day. Among his comments he said tax increases would not be a part of any budget compromise.
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 that covered the debt ceiling and tax increases. close
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