Obama Signs Order To Begin $85B In Sequester Spending

President Obama on Friday signed an order that starts putting into effect across-the-board budget cuts known as the β€œsequester” after he and congressional leaders failed to find an alternative budget plan.
The President, after an Oval Office meeting with the lawmakers, called the cuts β€œjust dumb.”
He said they would slow the economic recovery and spoke emotionally about their impact on people who would feel the consequences of government layoffs and disruptions in public services.
More on the sequester cuts here from the New York Times.