Hill aides: White House recalculates spending cuts

WASHINGTON (AP) ? The White House budget office is recalculating how to apply automatic spending cuts for a handful of agencies, freeing up almost $4 billion for the Pentagon and another $1 billion or so for homeland security and NASA.

Capitol Hill aides familiar with the White House changes say the administration has identified almost $5 billion in cuts that can be restored under its reading of the arcane budget rules governing the across-the-board cuts, known as sequestration.

The calculations would restore $5 billion of the scheduled $85 billion in automatic sequestration cuts.

At issue are accounts that were cut more deeply under a full-year funding bill enacted in March than they would have been under the across-the-board cuts.

The aides required anonymity because they weren't allowed to discuss a private briefing publicly.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/89ae8247abe8493fae24405546e9a1aa/Article_2013-05-03-US-Spending-Cuts/id-15713115459040d293660f83a3bc5edd

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