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Its official. President obama signing an order authorizing the government to begin cutting 85 billion dollars from the federal budget. The move comes after the president and congress failed to avoid the steep, oneyear cuts. President obama insists on replacing the cuts with tax increases and cuts spread out over time. But he says republicans are rejecting any plans that includes tax revenue. And the mayors statement went on a i urge congress to were with the present. Cuts will also trim Government Spending on defense contracts and in domestic government programs. Still ahead, well have the republican response to the forced spending cuts. San Francisco Mayor ed lee expressed his disappointment in lawmakers failure to act. In a Statement Released friday he says. In
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