Obama Issues Signing Statement On War Spending BIll

On Friday, President Obama signed a new war spending bill into law, but "not without taking a page from his predecessor and ignoring a few elements in the legislation," the Hill reports.

Obama included a five-paragraph signing statement with the bill, including a final paragraph that outlined his objections to at least four areas of the bill.

President George W. Bush was heavily criticized for his use of signing statements, declaring he'd ignore some elements of legislation by invoking presidential prerogative.

The Obama administration announced in the statement it would disregard provisions of the legislation that, among other things, would compel the Obama administration to pressure the World Bank to strengthen labor and environmental standards and require the Treasury department to report to Congress on the activities of the World Bank and International Monetary Fund (IMF).

The full text of Obama's statement is below, and available on the White House website, included here.