Tuesday, April 12, 2011

What were those budget cuts again?


(CBS/AP)
 
Details of the $38 billion worth of spending cuts factoring in last Friday's 11th-hour budget that averted a government shutdown have been released, but the cuts, while historic, were significantly eased by pruning money left over from previous years, using accounting sleight of hand and going after programs President Barack Obama had targeted anyway. 

CBS News Congressional correspondent Nancy Cordes reports that legislation that reflects the deal made between Republicans and Democrats was posted online at 1:30 this morning.
Members of Congress are going to be getting their first real look of the deal Tuesday, and Republicans in particular are sure to express frustration that so many of the cuts in the deal aren't exactly cuts at all. 


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