Obama signed the bill Friday at the White House before he heads out on a five-day tour of Latin America.
Administration officials have met with top aides to Republican House Speaker John Boehner (BAY-'nuhr) and Democratic Senate Majority Leader Harry Reid to discuss budget cuts that would be included in a bill to fund the government through the end of the fiscal year on Sept. 30.
The House has passed a bill with $61 billion in spending cuts, but it doesn't have enough votes to clear the Senate. Obama also has threatened to veto it.
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