U.S. President Barack Obama urges Congress to pass short-term legislation to delay "sequestration" for a few months

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Description:

President Obama urges Congress to pass short-term legislation to cut spending and increase tax revenue so that "sequestration" can be delayed for a few months. He tells reporters he is prepared to work with Congress through the regular budget process to reduce the deficit by a total of $4 trillion by cutting more spending and eliminating tax loopholes for the wealthy. Obama says the economy is moving in the right direction. "Sequestration" is a legal procedure in which automatic budget cuts are triggered as agreed to in the Budget Control Act of 2011. Held in the White House Briefing Room.

Date Issued:

2013-02-05T00:00:00Z

Data Provider:

Michigan State University. Libraries

Collection:

G. Robert Vincent Voice Library Collection

Place:

United States and United States

Subject Topic:

Sequestration (Public finance), Budget deficits, and Press conferences

Language:

English

Rights:

No Copyright

URL:

https://n2t.net/ark:/85335/m5xs5jh7v