This probably comes as no shock, but President Obama is threatening to veto a Republican-backed bill that would slash a net total of $61 billion in agency discretionary spending for this fiscal year.
Although the administration is committed to cutting spending, it “does not support deep cuts that will undermine our ability to out-educate, out-build and out-innovate the rest of the world,” the White House Office of Management and Budget said in a statement this afternoon. The administration also charges that the GOP legislation—which was introduced last Friday and is now being debated on the House floor–would reduce Defense Department spending to the point that vital military requirements could not be met.
Although the bill could pass the House this week, it’s not expected to get very far in the Democrat-controlled Senate.
“The administration looks forward to working with the Congress to refine the legislation to allow critical government functions to operate without interruption for the remainder of the fiscal year underway,” the statement concludes.
(And yes, that sound you heard was the clink of sabers rattling.)