Marketplace   Menu Guide   Complete Pages      
butler eagle
Site last updated: Wednesday, January 28, 2015 Bookmark our site!
Local PennsylvaniaNationalInternationalNews Extras  
Published: March 1, 2013 print this article Print save this article Save email this article Email ENLARGE TEXT increase font decrease font

Federal budget cuts officially kick in



WASHINGTON — Severe spending cuts now the law of the land, President Barack Obama and congressional Republicans refused Saturday to concede any culpability for failing to stave off what both parties acknowledged was a foolhardy way to slash $85 billion in federal spending.
The still-fragile economy braced itself for the gradual but potentially grave impact of the across-the-board cuts, which took effect Friday night at the stroke of Obama’s pen. Hours earlier, he and congressional leaders emerged from a White House meeting no closer to an agreement.
Even as they pledged a renewed effort to retroactively undo the spending cuts, both parties said the blame rests on the other for any damage the cuts might inflict.
There were no indications that either side was wavering from entrenched positions that for weeks had prevented progress on a deal to find a way out: Republicans refusing any deal with more tax revenue and Democrats snubbing any deal without it.





Back
Comments
Order Photos!
 
MORE NEWS HEADLINES
arrow Fire damages house in city
arrow Tomorrow's Headlines
arrow Film crew to shoot at Butler Memorial
arrow 2nd fire destroys home
 
MOST READ ARTICLES
arrow Ex-owner of Jaffe's store dies in Florida
arrow 1-car accident sends driver to hospital
arrow Assistant county DA seeks DJ post
arrow Truck, car crash ties up traffic on I-79