By Pete Kasperowicz - 07/18/12 07:02 PM EDT
“All this is saying is, 'Mr. President, show us your hand, show us your plan,'" said House Republican Conference Chairman Jeb Hensarling (R-Texas), who authored the bill. "Let the American people know what the true impact is going to be on our national defense, on our economy, on a number of vital services, because you have the discretion,” he said.
Under the sequester, the Office of
Management and Budget must by Jan. 2 cut $109 billion from 2013
mandatory and discretionary spending accounts unless Congress provides a