(CNN) - President Barack Obama signed as required on Friday evening an order implementing the broad forced federal spending cuts, known in Washington as the sequester. He was required to sign the order before 11:59 p.m.
The Office of Management and Budget sent Congress a required explanation of how much each federal account will be cut.
The full text of Obama's order is below the jump.
SEQUESTRATION ORDER FOR FISCAL YEAR 2013 PURSUANT TO SECTION 251A OF THE BALANCED BUDGET AND EMERGENCY DEFICIT CONTROL ACT, AS AMENDED
By the authority vested in me as President by the laws of the United States of America, and in accordance with section 251A of the Balanced Budget and Emergency Deficit Control Act, as amended (the "Act"), 2 U.S.C. 901a, I hereby order that budgetary resources in each non-exempt budget account be reduced by the amount calculated by the Office of Management and Budget in its report to the Congress of March 1, 2013.
Pursuant to sections 250(c)(6), 251A, and 255(e) of the Act, budgetary resources subject to sequestration shall be new budget authority, unobligated balances of defense function accounts carried over from prior fiscal years, direct spending authority, and obligation limitations.
All sequestrations shall be made in strict accordance with the requirements of section 251A of the Act and the specifications of the Office of Management and Budget's report of March 1,
THE WHITE HOUSE,
March 1, 2013.
Just think, we only have another 46 months of this bull headedness in the Whitehouse to put up with before the biggest problem child is finally voted out of office.
I wonder how much more damage these 555 supposed leaders in Washington can do to the USA before America wakes up and finally votes them all out of office.
well at least the tea party is getting their way..
Anyone else think maybe the pres wanted these cuts all along? After all it was his idea. Now he gets the cuts and he gets to blame congress for it.
I like how the president allowed this to happen. Its good he did not capitulate to the hostage takers. I blame the republicans for this.
I know we need to be a leaner government, and cuts need to come. It doesn't make it any easier, to think of the look in the faces of people holding the dreaded (PINK SLIP) to when their last day at work is!!!
Thank you Republicans for NOT compromising on higher taxes on the top 1%. Shame on you, and, you will not be re-elected.
about time the gov. started cutting something... even though if it is a percentage of next years increase. Still going to spend 15billion more than 2012. What a joke these guys are.
Now he can blame the repubs for the horrible economy that he created that's all he really wanted..What a leader!! but a demonic genius at the same time..he could care less about this country, he wants people to suffer so they can complain and than he can blame everyone else but himself....what a punk!
This man is a true idiot. Period.
Shame on every politician who forgot who they serve, There is never any good that comes from being extreme right or extreme left.
well, that escalated very slowly.....
This Obama is an unbelieveable little kid.
The GOP once again proves it is clueless and only cares about it's corporate backers and special interest friends. Remember in November!!!!!
Also included in the order should have been the immediate termination all members of congress because they have proven that they can not work for the good of the people of the United States of America . Also any budget cuts will start at the top with removing all tax incentives and subsidies for large corporations . Also the elimination of the Earn income tax credit
The House, Senate passed it and Obama signed it so you can't blame the Republicans for this one try your no leadership skilled President Obama.
Well, Mr. Speaker you got what you wanted, again..
Why don't we start to cut the budget from the top first from the President cut down on vacation then Congress they need to give a day of pay.
Thank you TEA PARTY GOP.
Thanks for NOTHING !
Required? What would have happened if he didn't sign it?
It's about time some REAL cuts were made to the budget. Guess what? The Sun will still rise tomorrow.
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Mister president, you must have inadvertently left out the part about foreign aid being exempt from your "dumb" budget cuts!
I bet anything that if Congress, the Senate and the Executive branch were among those taking a pay cut, this would be a very different story...
Lots more to cut and I hope they get rid of the real fat this time!