Obama Rolls Back $5 Billion in Sequester Cuts
The White House budget office is using an obscure budget rule to restore $5 billion in sequester-related cuts.
The recalculation trick will mean the State Department will no longer have to furlough employees, will spare the Pentagon $4 billion in cuts to the rate of spending growth, and will replenish $1 billion to the budgets of agencies including the Homeland Security Department and NASA.
The Obama Administration’s move to roll back the sequester cuts reduces the original $85 billion sequestration to $80 billion.
According to the Associated Press, “Republicans atop the budget committees declined to criticize the move. Republicans like Sen. John McCain of Arizona have sought to reverse cuts to the Pentagon-- and it benefits the most from the new math.”