White House Rescinds $4.9 Billion in 2013 Spending Cuts

The Obama administration is canceling $4.9 billion of the $85 billion in automatic U.S. spending cuts that took effect March 1, a move that restores some funds for defense and diplomacy, according to a White House official. The decision came after the administration determined that, under rules …

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White House Rescinds $4.9 Billion in 2013 Spending Cuts

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