Obama May Veto GOP Bill Aiming To Stop Defense Cuts

Law360, New York (September 12, 2012, 9:55 PM EDT) -- The Obama administration said Wednesday that the president will likely veto a bill aimed at blocking $55 billion in defense budget cuts as part of a $1.2 trillion sequester, saying it contains no compromises and is unfair to Americans who are not wealthy.

The Office of Management and Budget said in a statement of administration policy that the National Security and Job Protection Act would reduce discretionary funding below the level agreed upon in the Budget Control Act of 2011 and would “lead to destructive cuts...
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