Report on automatic spending cuts delayed by one week

The Obama administration announced a one week delay in its report to Congress detailing spending cuts that will be required if Congress fails to reach a deficit reduction deal by the end of the year. Under the Sequestration Transparency Act of 2012 (P.L. 112-115, signed on August 7, 2012), the President had 30 days to inform Congress of how billions of dollars in automatic spending cuts would be carried out. The automatic cuts, known as sequestration, resulted from last summer’s Budget Control Act and will total about $1.2 trillion between 2013 and 2021.   If Congress does not change or cancel the cuts, the spending reductions would cut about $55 billion from defense discretionary programs and $55 billion from non-defense discretionary programs (which include many disability-related programs like supportive housing, special education, and supported employment) starting in January of 2013.
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