Obama Signs Sequestration Transparency Act

President Obama recently signed a law requiring the White House budget office to reveal exactly how automatic budget cuts looming in January 2013 will be carried out.

Hourglass_SmallThe Sequestration Transparency Act was passed by the House in July by a 414-2 vote. The Senate approved it unanimously later in the month.

The administration must issue its report to Congress in 30 days. The report will come close to the election and could focus the debate on the ballooning deficit and looming cuts to defense — two themes that Mitt Romney has been emphasizing in his campaign against Obama.

“The American people deserve to know how their commander in chief intends to implement half a trillion dollars in cuts to our national security, which his own secretary of Defense compared to ‘shooting ourselves in the head,’ ” said House GOP conference head Rep. Jeb Hensarling (Texas), who served on the supercommittee.

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Source: Erik Wasson | The Hill