Reuters: Politics: White House prepping for budget cuts, to shield military pay

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White House prepping for budget cuts, to shield military pay Jul 31st 2012, 19:02 Tweet Share this Email Print Related News White House lowers growth forecasts, brightens jobs picture Fri, Jul 27 2012 Analysis & Opinion Republicans' jobs plan: The war machine Fender stock buyers will gently weep The White House is pictured shortly after sunrise in Washington, August 1, 2007. Credit: Reuters/Jason Reed WASHINGTON | Tue Jul 31, 2012 3:02pm EDT WASHINGTON (Reuters) - The White House said on Tuesday it was starting to get ready for potentially painful year-end spending cuts, and was committed to shielding U.S. military personnel compensation from any government budget crunch. Jeffrey Zients, acting director of President Barack Obama's Office of Management and Budget, said discussions would start soon on how to weather the cuts known as "sequestration" that would take place if Congress cannot get to a deficit deal. "If allowed to occur, the sequestration would be highly destructive to national security and domestic priorities, as well as to core government functions," he said in a memo. "The president remains confident that Congress will act, but because it has not yet made progress towards enacting sufficient deficit reduction, the Office of Management and Budget will work with agencies, as necessary, on issues raised by a sequestration of this magnitude." (Reporting by Laura MacInnis; Editing by Will Dunham) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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