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Report Video IssuePresident Obama on Automatic Spending Cuts
2013-03-01T16:01:35-05:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvOTBkXC8yMDEzMDMwMTExNDA0OTAwMV9oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==President Obama spoke to reporters after meeting with congressional leaders about the automatic spending cuts, known as sequestration. In his remarks he blamed Republican lawmakers for failing to stop the cuts from beginning later in the day, arguing he could not perform a “Jedi mind meld” to get Republicans to agree on a deal.
As part of a deal for raising the federal debt ceiling, the Budget Control Act of 2011 created sequestration on January 1, 2013, automatic spending cuts that are split 50/50 between defense and non-defense spending unless Congress would pass an alternate deficit reduction plan. The cuts had been delayed until March 1, 2013, as part of a “fiscal cliff” agreement on the debt ceiling and tax increases.
As part of a deal for raising the federal debt ceiling, the Budget Control Act of 2011 created sequestration on January 1, 2013, automatic spending cuts that are split 50/50 between defense and non-defense spending unless Congress would pass an alternate deficit reduction plan. The cuts had been delayed until March 1, 2013, as part of a “fiscal cliff” agreement on the debt ceiling and tax increases.
President Obama spoke to reporters after meeting with congressional leaders about the automatic spending cuts, known as sequestration. In his remarks he blamed… read more
President Obama spoke to reporters after meeting with congressional leaders about the automatic spending cuts, known as sequestration. In his remarks he blamed Republican lawmakers for failing to stop the cuts from beginning later in the day, arguing he could not perform a “Jedi mind meld” to get Republicans to agree on a deal.
As part of a deal for raising the federal debt ceiling, the Budget Control Act of 2011 created sequestration on January 1, 2013, automatic spending cuts that are split 50/50 between defense and non-defense spending unless Congress would pass an alternate deficit reduction plan. The cuts had been delayed until March 1, 2013, as part of a “fiscal cliff” agreement on the debt ceiling and tax increases. close
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