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Business/Financial

Bill Altering DoD Sequestration Cuts Heads To House Floor

Friday, March 23rd, 2012

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House Speaker John Boehner (R-Ohio) predicted yesterday the House will pass a budget blueprint that would shield the Pentagon from so-called sequestration spending cuts over the next decade. The House Budget Committee narrowly passed a fiscal year 2013 budget resolution Wednesday night for the entire federal budget that calls for altering plans for $1.2 million in sequestration cuts, $500 million of which would come from planned defense spending. The House resolution, dubbed The Path to Prosperity by committee Chairman Paul…

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