Obama Inks 2013 Funding Bill Locking in Cuts He Opposes
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President Barack Obama signed into law a catchall government-funding bill that ends the 2013 budget fight and locks in $85 billion in spending cuts he opposes.
With Obama’s signature yesterday, day-to-day operations of cabinet departments and federal agencies will continue without interruption through Sept. 30, the end of the fiscal year. With the automatic budget cuts known as sequestration taking effect, the spending will amount to about $984 billion. The previous funding authorization was due to expire today.