With less than a week to go until a wide-ranging package of across-the-board budget cuts is set to kick in, President Obama today entreated the nation's governors to help him convince Congress to compromise on a deal to avert the so-called "sequestration," predicating his plea on the fact that as governors, "you know that compromise is essential to getting things done."

Mr. Obama, speaking to the National Governors Association this morning at the White House, reiterated his warnings about the impact the cuts will have on the nation's economic status, and accused Congress of threatening "to allow a series of arbitrary automatic budget cuts to kick that will slow our economy, eliminate good jobs, and leave a lot of folks who are already pretty thinly stretched scrambling to figure out what to do."