Obama presses Congress for deal to end U.S. spending cuts

http://economicrisis.com/obama-presses-congress-for-deal-to-end-u-s-spending-cuts/1243

Obama presses Congress for deal to end U.S. spending cuts

WASHINGTON (Reuters) – Just hours after across-the-board spending cuts officially took effect, President Barack Obama pressed Congress on Saturday to work with him on a compromise to halt a fiscal crisis he said was starting to “inflict pain” on communities across the United States.

Obama and a bipartisan group of congressional leaders failed on Friday to avoid the deep spending reductions known as the “sequester,”
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