Capitol Hill Aides: White House Recalculates Spending Cuts

2:40 PM, May 3, 2013   |    comments
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WASHINGTON (AP) - The White House budget office is recalculating how to apply automatic spending cuts for a handful of agencies, freeing up almost $4 billion for the Pentagon and another $1 billion or so for homeland security and NASA.

Capitol Hill aides familiar with the White House changes say the administration has identified almost $5 billion in cuts that can be restored under its reading of the arcane budget rules governing the across-the-board cuts, known as sequestration.

The calculations would restore $5 billion of the scheduled $85 billion in automatic sequestration cuts.

At issue are accounts that were cut more deeply under a full-year funding bill enacted in March than they would have been under the across-the-board cuts.

The aides required anonymity because they weren't allowed to discuss a private briefing publicly.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

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