OBAMA: ECONOMY WILL SUFFER FROM SEQUESTER | POLITICO

Warning of grave economic consequences if a package of automatic spending cuts takes effect in coming weeks as part of the sequester, President Barack Obama Tuesday urged Congress to pass a short-term package of spending cuts and to close tax loopholes.

“If they can’t get a bigger package done by the time the sequester is scheduled to go into effect, then I believe they should at least pass a smaller package,” Obama said at the White House. “There is no reason that the jobs of thousands of Americans who work in national security or education or clean energy—not to mention the growth of the entire economy—should be put in jeopardy.”

via OBAMA: ECONOMY WILL SUFFER FROM SEQUESTER | POLITICO.

 

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