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Business/Financial

Hill Ramps Up Pressure For Admin To Explain Pending DoD Cuts

Julie Samuel

Thursday, June 28th, 2012

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Lawmakers increased pressure yesterday on the White House to spell out how automatic budget cuts could impact the Pentagon next year, by advancing new legislation and calling the president's budget chief to testify before Congress. Republicans and Democrats on the House Budget Committee unanimously approved yesterday the Sequestration Transparency Act of 2012. Like similar bipartisan legislation in the Senate, the bill calls for President Barack Obama’s administration to share with Congress how it would implement so-called sequestration cuts, which could reduce defense…

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