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Friday, March 01, 2013

U.S. braces for billions in budget cuts

Pentagon |Sweeping U.S. government spending cuts totalling $85 billion begin taking effect Friday, slicing deeply into military and other programs in an unwanted move toward austerity that displays Washington's paralyzing partisan divisions.

The cuts are kicking in after the White House and congressional Republicans could not overcome bitter disagreements and come up with a better plan to tackle the country's $11.7 trillion debt.

The warring sides have spent this week assigning blame rather than seeking a way out, and rival Democratic and Republican measures to modify the cuts failed in the Senate on Thursday.

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