Erik Wasson reports President Obama signed the Sequestration Transparency Act, which moved through the House in July by a 414-2 vote and through the Senate by a unanimous vote.
A White House report on carrying out the cuts is due to Congress within 30 days, according to Wasson’s article.
In January, $109 billion in automatic spending cuts are set to start because the supercommittee failed to develop a deficit reduction proposal.
That supercommittee was established after the debt ceiling agreement last August.
If sequestration takes effect, more than $1 trillion will be automatically cut over the next 10 years, split evenly between defense and nondefense spending.
Recent ExecutiveGov Sequestration Coverage
August 7: Labor Dept Sequestration Memo Causes Uproar in Congress
August 2: Carter, Zients Hint at Potential Sequestration Cuts to House Panel
August 2: OMB to Hold Sequestration Talks With Agencies
July 31: Military Cyber Leaders Waiting for Pentagon Sequestration Directive
July 18: Lockheed’s Bob Stevens on Sequestration: “We Are Hungry for more Guidance”