Friday, September 7, 2012

White House to miss deadline for report on 'fiscal cliff' budget cuts

The White House on Friday said it will miss the legal deadline for delivering a report to Congress on the spending cuts from sequestration that are scheduled to take effect in 2013.
Spokesman Jay Carney told reporters on Air Force One that the report will be coming next week.
Under the terms of the Sequestration Transparency Act signed in August, President Obama was to tell Congress by Friday how the administration plans to implement the $109 billion in automatic cuts mandated by the Budget Control Act.
The Office of Management and Budget has repeatedly failed to make legal deadlines. It delivered its presidential budget proposals and mid-session updates late both this year and last year.
Republicans have tried to tie the tardiness to the failure of the Senate to pass a budget resolution for the last three years.
"Like the [Sen. Harry] Reid majority, the White House has shown astonishingly little regard for budget law in this time of crisis," said Stephen Miller, a spokesman for Senate Budget Committee Ranking Member Sen. Jeff Sessions (R-Ala), who co-authored the transparency law.
The sequestered cuts coming in January were triggered by the failure of the 2011 supercommittee to reach a compromise on deficit reduction. The Pentagon says the looming defense cuts will devastate the military. The deal also cuts non-defense spending, but shields most entitlement benefits.
Sen. John Thune (R-S.D.), another author of the transparency bill, blasted the delay of the report and said the administration "seems to think it is above the law."

Read more: http://thehill.com/blogs/on-the-money/budget/248213-white-house-will-miss-fiscal-cliff-deadline

No comments: