With Cuts Just Hours Away, Lawmakers Go to White House


Published: March 1, 2013

WASHINGTON — President Obama and the four top lawmakers in Congress were meeting Friday morning even as across-the-board spending cuts were poised to go into effect by the end of the day.

Mr. Obama summoned the Congressional leadership to the Oval Office in an effort to discuss how to move forward in the wake of the failure to avoid the cuts, known as sequestration, White House aides said. They said Mr. Obama would continue to push for a long-term budget deal that includes spending cuts and tax increases.

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Obama proposes short-term budget fix to delay spending cuts


By Jeff Mason and Mark Felsenthal

(Reuters) – President Barack Obama will propose on Tuesday that Congress pass a small package of spending cuts and tax reforms to delay larger, automatic cuts from going into effect and give Washington more time to agree on a broader budget deal.

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