Thursday 7 February 2013

Obama asks lawmakers for short-term sequester fix

President Barack Obama gestures as speaks in the James Brady Press Briefing Room at the White House in Washington, Tuesday, Feb. 5, 2013. The president will ask Congress to come up with tens of billions of dollars in short-term spending cuts and tax revenue to put off the automatic across the board cuts that are scheduled to kick in March 1. (AP Photo/Charles Dharapak)

President Barack Obama gestures as speaks in the James Brady Press Briefing Room at the White House in Washington, Tuesday, Feb. 5, 2013. The president will ask Congress to come up with tens of billions of dollars in short-term spending cuts and tax revenue to put off the automatic across the board cuts that are scheduled to kick in March 1. (AP Photo/Charles Dharapak)

(AP) ? President Barack Obama is asking Congress to come up with tens of billions of dollars in short-term spending cuts and tax revenue to delay automatic spending cuts scheduled to kick in March 1.

Obama said Tuesday he still believes the nation should move forward with a broad package for tax reform and spending cuts. But he says if Congress can't act before the March 1 deadline, lawmakers should at least pass a smaller package to stave off the damaging effects of the across-the-board cuts.

Obama says the proposals he offered House Speaker John Boehner late last year during discussions over the so-called fiscal cliff are still on the table.

Obama isn't placing a time span or a dollar amount on the short-term plan. Officials say he will leave that to Congress.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2013-02-05-Obama-Budget/id-9a73804bd9f0492e9413a6fb4c39ebbd

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