Saturday, March 2 2013, 06:14 PM MST
Sequester Update: No Deal Between Congress And White House
(KUTV) Billions of dollars in automatic federal spending cuts is about to be a reality. The Budget Control Act of 2011 set up the cuts and without a deal between Congress and the White House 85 billion in military and domestic programs will begin to take hold.
However, some programs will be exempt from from automatic cuts. Food stamps, children health subsidies and Medicaid will remain in place, along with military pay and funding for veterans.
President Obama called for "a caucus of common sense," he wants to stop the sequester, which began cutting billions of federal dollars from the economy Friday night.
A large part of those cuts will effect the military.
"Beginning this week, businesses that work with the military will have to lay folks off," President Obama said. "Communities near military bases will take a serious blow."
That includes Utah's own Hill Air Force Base, where lawmakers have already estimated that furlough's would effect 100,000 employees, including Internal Revenue Service employees based in Ogden.
(Copyright 2013 Sinclair Broadcasting Group)
However, some programs will be exempt from from automatic cuts. Food stamps, children health subsidies and Medicaid will remain in place, along with military pay and funding for veterans.
President Obama called for "a caucus of common sense," he wants to stop the sequester, which began cutting billions of federal dollars from the economy Friday night.
A large part of those cuts will effect the military.
"Beginning this week, businesses that work with the military will have to lay folks off," President Obama said. "Communities near military bases will take a serious blow."
That includes Utah's own Hill Air Force Base, where lawmakers have already estimated that furlough's would effect 100,000 employees, including Internal Revenue Service employees based in Ogden.
(Copyright 2013 Sinclair Broadcasting Group)
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