MUST READ: White House to miss deadline for report on ‘fiscal cliff’ budget cuts

By Erik Wasson – 09/07/12 01:37 PM ET
The Hill

The White House on Friday said it will miss the legal deadline for delivering a report to Congress on the spending cuts from sequestration that are scheduled to take effect in 2013.

Spokesman Jay Carney told reporters on Air Force One that the report will be coming next week.

Under the terms of the Sequestration Transparency Act signed in August, President Obama was to tell Congress by Friday how the administration plans to implement the $109 billion in automatic cuts mandated by the Budget Control Act.
The Office of Management and Budget has repeatedly failed to make legal deadlines. It delivered its presidential budget proposals and mid-session updates late both this year and last year.

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