At 2:30 pm on Friday, Sept. 14, 2012 the White House issued an analysis on sequestration showing that without reaching a budget agreement with Congress, the Pentagon and military branches will receive a nine to 10 percent across-the-board cut to their spending accounts, while non-defense agencies will get a seven to eight percent reduction.
Discretionary spending accounts for the Defense Department will be cut by 10 percent, according to the Administration’s report. Non-discretionary funds for the Pentagon will also be reduced under sequestration, but at the lower rate of 9.4 percent, the White House states.
As part of those defense cuts, the White House opted to exempt spending tied to military personnel but did opt to cut funding for war spending in Afghanistan, known as Overseas Contingency Operations fund.
Under the 9.4 percent rate, wartime funding is expected to be cut by $1 million, according to estimates by the Office of Management and Budget (OMB), a White House unit.
A full copy of the OBM’s report can be found here: OMB Sequestration Report 09.14.2012.
