President Obama on Automatic Spending Cuts 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 on Automatic Spending Cuts 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

People in this video

Hosting Organization

More Videos From

White House

More information about

President Obama on Automatic Spending Cuts

4,906 Views
Program ID:
311269-1
Category:
White House Event
Format:
News Conference
Location:
Briefing Room, White House, Washington, District of Columbia, United States
First Aired:
Mar 01, 2013 | 11:30am EST | C-SPAN RADIO
Last Aired:
Mar 03, 2013 | 5:10pm EST | C-SPAN 1

Airing Details

Purchase a DVD or Download

President Obama on Automatic Spending Cuts

  • DVD
    Price:
    $29.95
  • MP4 video - Low
    Price:
    Free
  • MP4 video - Standard
    Price:
    $4.99
  • MP3 audio - Standard
    Price:
    $0.99

User Created Clips from This Video

View all clips from this video