Tuesday, May 21, 2013

Latest local news, weather and high school sports for Myrtle Beach and Florence

Obama signs order to begin spending cuts
Posted: 03.01.2013 at 8:57 PM
0
Photo

(AP) -- President Barack Obama has signed an order authorizing the government to begin cutting $85 billion from federal accounts, officially enacting across-the-board reductions that he opposed but failed to avert.

Obama acted Friday, the deadline for the president and Congress to avoid the steep, one-year cuts.

Obama has insisted on replacing the cuts, known as a "sequester" in government budget language, with tax increases and cuts spread out over time. Republicans have rejected any plan that included tax revenue.

The government says the reductions will soon result in furlough notices to government employees and will trim government spending on defense contracts and in domestic government programs. Active military personnel and anti-poverty and low-income assistance programs are largely protected from the cuts.

(Copyright ©2013 by The Associated Press. All Rights Reserved.)

Popular Stories
Thumbnail
Horry County Police: woman shot and killed in Little River
Crystal Costa  |  Yesterday at 11:20 PM
Thumbnail
Woman admits to stealing $350,000 from law firm
Tonya Brown  |  Yesterday at 12:25 PM  |  2 comments
Thumbnail
Mother whose children died in fire asks for bond
Tonya Brown  |  Yesterday at 6:30 PM  |  1 comment
Follow Carolina Live
Get news and weather notifications on your phone by downloading the iPhone or Android app below
Sign up to get alerts and updates for breaking news, severe weather, and deals:
submit
ADVERTISEMENT
Special Features
Win $500 here
Click here to see how you can win $500
Click here to get the Mobile App
Click here to get the Mobile App
Click here to get season passes
Click here to see how you can get season passes
Looking to set a tee time in Myrtle Beach?
Click here to check tee time availability and set a time
ADVERTISEMENT