Obama’s sequester deal-changer
By Bob Woodward, Published: February 22
Bob Woodward (email@example.com) is an associate editor of The Post. His latest book is “The Price of Politics.” Evelyn M. Duffy contributed to this column.
Misunderstanding, misstatements and all the classic contortions of partisan message management surround the sequester, the term for the $85 billion in ugly and largely irrational federal spending cuts set by law to begin Friday.
What is the non-budget wonk to make of this? Who is responsible? What really happened?
The sequester and the debt ceiling, explained: President Obama and lawmakers are facing several important fiscal deadlines. One is to avoid the $1.2 trillion in spending cuts included in sequestration and another is raising the country’s debt ceiling. Here is a look at some of the issues involved in these two fiscal challenges.
The finger-pointing began during the third presidential debate last fall, on Oct. 22, when President Obama blamed Congress. “The sequester is not something that I’ve proposed,” Obama said. “It is something that Congress has proposed.”