On August 8, the President signed the bi-partisan Sequestration Transparency Act into law.
This legislation requires the President to submit a report to Congress on how he intends to implement the sequester– the devastating $110 billion in across-the-board cuts scheduled to occur on January 2, 2013.
Today, the Administration missed the deadline and failed to comply with the law.
House Majority Leader Cantor made the following statement:
"This Administration has a history of failing to meet budget deadlines and today is no exception. The White House has failed to comply with the law and refused to give Congress and the American people any answers for their plan to implement, or replace, devastating cuts that will take effect in about 100 days. These cuts will harm our national security and eliminate jobs. We have made clear that we want to work to replace the cuts in the sequester with bipartisan, common sense spending reforms in order to reduce the deficit, grow the economy and spur job creation. The President has refused to join us at every turn."