Report: Obama signs order for 'sequester' budget cuts

The White House said Obama has signed the order for 'sequester' budget cuts, the Reuters news agency is reporting.

Read: $85 billion cut from US budget.

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$85 billion cut from US budget

President Barack Obama signed an order authorising the US government to begin cutting $85 billion (£57bn) from federal accounts. By so doing he officially enacted across-the-board reductions that he was opposed but failed to avoid.