Cuts

Maybe it's because of his avowed desire for transparency. Or maybe it's the bipartisan quality of the bill. But President Obama has signed a law requiring the administration to provide Congress with a list of sequester budget cuts. Should sequestration occur in January, the executive branch would need to make an immediate $110 billion reduction in 2013 spending. The new law imposes a Sept. 6 deadline for the report. Sequestration became law last year when a bipartisan Congressional committee couldn't agree on a deficit- reduction plan.