President Obama warned that the sequester spending cuts, which begin today, will foist real pain on the American people, saying we “can and must” replace these “dumb” cuts with “a more balanced approach” to deficit reduction that includes targeted cuts closes tax loopholes to secure more revenue.
Rep. Bill Cassidy (R-La.) on the possibility of a last-minute deal to avoid forced massive spending cuts.
President Barack Obama blamed Congress for failing to prevent forced spending cuts that take effect Friday, saying the reductions will harm economic recovery.
The Joint Chiefs of Staff plan to brief newly minted Defense Secretary Chuck Hagel on the impact that spending cuts — slated to go into effect Friday night — might have on military readiness.
Michael Scherer is listed officially as Time Magazine’s White House correspondent, but a few hours ago he was good enough to finally come out of the closet as a partisan as desperate to defend Obama as Dave Weigel and Ben Smith: Instead of running LA, Jindal attacking WH MT @bobbyjindal: Instead of fighting out-of-control spending, @whitehouse […]
As the country gets closer and closer to Friday’s deadline before the automatic “sequester” spending cuts take effect, the Obama White House has issued dire warnings — like 10,000 teachers could be laid off, and “2,100 fewer food inspections could occur.”
With President Obama and Congressional Republicans making little progress toward reaching a budget deal, the nation’s union leaders on Wednesday began pushing a new proposal to prevent the looming cuts: immediately repeal the sequestration law.