President Barack Obama will formally ask Congress today to avoid the looming across-the-board spending cuts of the sequester set to start kicking in March 1, The White House said this morning. Obama will make a statement at the White House at 1:15 p.m. today, urging Congress to avoid the sequester with a short-term plan that involves "tens of billions" of dollars in spending cuts and tax revenue.
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Brett LoGiurato, Business Insider
Tue, 02/05/2013 - 8:52am
Topics: congress march house republicans the jay carney house speaker john boehner america david schnittger ohschnitt february october sequestration pentagon politics facebook president barack obama white house the white house obama twitter today cuts spending week implementation economy year fiscal reduction slammed policy bad statement short-term trillion percent years
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