Obama Calls for Balanced Approach to Deficit Reduction
February 5, 2013Today President Obama called on lawmakers to quickly pass a package of limited spending cuts and tax changes that can head off the automatic, across-the-board reductions — or sequester — that are set to take effect on March 1st. Obama will acknowledge that a broader budget agreement is unlikely to be reached by next month’s deadline when the cuts to domestic and military programs will go into effect, so is now urging Congress to avoid cuts in spending through a…