No Deal After Last Minute White House Meeting on Sequester

Don't be surprised, this is barely news


President Obama and congressional leaders huddled in the Oval Office on Friday morning but the last-ditch effort failed to produce a compromise to forestall $85 billion in automatic spending cuts all sides say they want to avoid. 

The meeting, which lasted less than an hour, yielded no new plan to dodge a series of across-the-board budget cuts due to begin hitting most federal agencies and programs at midnight Friday.