Read
- IRS official refuses to answer questions at scandal hearing
|
- Global stocks, oil fall after Bernanke; dollar gains
|
- Oklahoma tornado victims astounded at how they survived
|
- CORRECTED-White House threatens veto of bill to bypass Obama on Keystone
- British soldier hacked to death in suspected Islamist attack
Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Message of humility
A religious fraternity in Rio considers the election of Pope Francis, a confirmation of their beliefs in poverty and simplicity. Slideshow
Sponsored Links
Recommended Newsletters
House Speaker Boehner opposes delay in automatic budget cuts
U.S. House Speaker John Boehner (R-OH) speaks to the media on Capitol Hill in Washington, in this file photo taken December 20, 2012.
Credit: Reuters/Yuri Gripas
WASHINGTON |
WASHINGTON (Reuters) - Top Republican lawmaker John Boehner said on Wednesday that he would oppose any delay in the automatic budget cuts that are set to kick in March 1, without other spending cuts and reforms.
"At some point Washington has to deal with its spending problem," Boehner, the speaker of the House of Representatives, told reporters.
About $85 billion in across-the-board budget cuts will go into effect if Congress does not pass legislation to change the law. Half of the cuts will hit the defense department.
(Reporting by David Lawder and Tom Ferraro; Editing by Doina Chiacu)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
The spending cuts that have been called ‘sequestration’ reduce Federal spending by $85B/yr; not enough to achieve the $2T needed to stabilize our Debt.
The time has come to realize that Obama’s ‘big government’ agenda is bankrupting this country. Ever higher taxes is not the answer.. Smaller Government IS……….
Follow Reuters