National

May 3, 2013 4:59 PM

White House recalculates spending cuts

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.

»Comments

More News

National
Story Photo

24 minutes ago

How dirty is your money?

What's green and white and filled with germs? Your cash. Researchers from New York University's "Dirty Money Project" found that there...

Most Popular

Top Videos

1 2 3 4