White House details automatic spending cuts

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In a report issued today, the Obama administration outlined the budget accounts which would be touched by sequestration's automatic spending reductions. Automatic budget cuts -- sequestration -- would slash essential defense and social programs, and must be avoided, says a new White House report. The cuts that would kick in Congress does not reach a debt reduction agreement, include a 9.4% percent reduction in non-exempt defense discretionary funding and an 8.2 percent reduction in non-exempt non-defense discretionary funding. The sequestration would also impose cuts of 2.0 percent to Medicare, 7.6 percent to other non-exempt non-defense mandatory programs, and 10.0 percent to non-exempt defense mandatory programs.


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