WASHINGTON (Reuters) - President Barack Obama said on Friday he does not believe it is inevitable that Congress will let deep automatic spending cuts go into effect March 1.
Obama and congressional Republicans are at loggerheads over government spending and taxes, and do not appear to be on track to prevent the cuts, known as sequestration, from going into effect as scheduled.
Obama said that if allowed to take place, the reductions would slow the U.S. economy, with a ripple effect on growth around the world. However, the spending cuts are not likely to cause a shock to the world's financial system, he said during a meeting with Japanese Prime Minister Shinzo Abe.
(Reporting By Jeff Mason, Roberta Rampton and Mark Felsenthal; Editing by Vicki Allen)
Ann Coulter - The Problem Isn't Guns Or White Men
Moderates Are the Problem in the House GOP | RedState
- Vladimir Putin’s Russia Adopts Concealed Carry
The Problem Isn't Guns Or White Men | Human Events
'Buffy the Perv Slayer'? Sarah Michelle Gellar's 'just hanging' with Bill Clinton [photo] - twitchy.com
Not Welcome in Umpqua: Armed Protest May Greet President's Attempt to Exploit Tragedy - Bearing Arms - Barack Obama, Mass Shooting, Oregon, Umpqua Community College
Report: Boehner phones Paul Ryan, asks him to run for Speaker — or else he might stay on as Speaker himself