Barack Obama: “By the authority vested in me as President by the laws of the United States of America, and in accordance with section…”

“By the authority vested in me as President by the laws of the United States of America, and in accordance with section 251A of the Balanced Budget and Emergency Deficit Control Act, I hereby order that budgetary resources in each non-exempt budget account be reduced by the amount calculated by the Office of Management and Budget.”