Obama orders $85b spending cuts | Bangkok Post: news

News > World

Obama orders $85b spending cuts

- +

President Barack Obama reluctantly ordered an $85 billion austerity drive that could slow the US economy and slash jobs, after blaming Republicans for refusing to stop the "dumb" spending cuts. 

US President Barack Obama speaks to the media about sequestration at the White House in Washington, DC, March 1, 2013. Obama reluctantly ordered an $85 billion austerity drive that could slow the US economy and slash jobs, after blaming Republicans for refusing to stop the "dumb" spending cuts.

Obama complied with his legal obligations and initiated the automatic, across-the-board cuts in domestic and defense spending, following the failure of efforts to clinch a deal with Republicans on cutting the deficit.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

2 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments