President Obama has signed a law that requires his administration to provide a report to Congress “relating to funding reductions” scheduled to take place on Jan. 2, 2013, as a result of sequestration, the White House announced Tuesday.
The law directs Obama to detail within 30 days where the spending cuts would take place, making the deadline for the report Sept. 6. The 2012 Sequestration Transparency Act passed nearly unanimously in both chambers of Congress in July.
Sequestration was included in the 2011 Budget Control Act as an incentive for a bipartisan super committee to reach an agreement on where to cut the budget, but the panel’s failure to do so has left many on Capitol Hill concerned the last-resort measure will go into effect.
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