Weekly Presidential Address
“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 part of a debt ceiling and tax increase agreement for the Budget Control Act of 2011 and began March 1, 2013.
President Obama delivered his weekly address. He blamed the Republicans in Congress for allowing the automatic sequestration of funds to tak… read more
President Obama delivered his weekly address. He blamed the Republicans in Congress for allowing the automatic sequestration of funds to take effect and called for Congress to replace that process with a balanced approach to deficit reduction.
“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 part of a debt ceiling and tax increase agreement for the Budget Control Act of 2011 and began March 1, 2013. close
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