Sequester cuts scaled back to $80B, sources say

05/7/2013 | Hill, The

The Office of Management and Budget has reduced the sequester cuts to around $80 billion instead of $85 billion, sources said. "This change is another result of Congress passing the full-year spending bill last month," an official said. "As a result, the total amount sequestered this year will be reduced for some agencies by a combined $4.9 billion."

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