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Obama Wants "Short-Term" Delay in Spending Cuts

President Barack Obama called on Tuesday for a short-term agreement to put off deep cuts to government spending, including the military, set to take effect next month.

Obama made his pitch in a statement to reporters at the White House, urging Congress to pass a measure that would offset some of the imminent automatic spending cuts -- known as sequestration -- that were part of a 2011 debt ceiling deal.

The president made clear that he still wanted a broader deficit reduction agreement with Republicans that included spending cuts, entitlement reforms and increased revenue from eliminating some tax breaks.

Source: CNN. Read full article. (link)

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  • freeAgent||

    Instead of eating my whole cake, I'm going to eat two halves of it.

  • Anton2013||

    Government must clear all things as soon as they can. Whatever they are planning must plan keeping all Americans in mind.
    Certified Financial Advisor