In n his weekly address, President Obama tells the American people that a series of harmful budget cuts—called the sequester—have taken effect because Congress failed to act. Because Republicans in Congress refused to compromise to close tax loopholes for the wealthiest Americans, hundreds of thousands of Americans will lose their jobs or see their paycheck reduced, and middle class families will be hurt. Congress must join the President now to replace these cuts with a balanced approach that reduces our deficit while also making smart investments in areas that help our economy grow.
Weekly address March 1st 2013
President Obama Makes a Statement on the Sequester
President Obama delivers a statement about moving forward in light of severe budget cuts that will start to take effect today, and answers questions from the press. March 1, 2013.
This week, the President urged Congress to take a responsible approach to deficit reduction instead of the indiscriminate across-the-board spending cuts called the sequester. He also met with the Prime Minister of Japan, America's Governors, and the country's only all-black Ranger unit, and unveiled a truly moving monument to Rosa Parks.