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Congress News – Obama, United States, James Amos, Washington Three

Economists were opposed to automatic spending cuts
WASHINGTON (AP) — Most business economists opposed the automatic spending cuts that took effect Friday night amid the gridlock between President Obama and Congress, but they overwhelmingly support efforts to reduce the deficit over the next 10 years, according to a survey released Monday.

U.S. stares down start of steep “automatic” budget cuts
WASHINGTON (Reuters) – The U.S. government hurtled on Friday toward deep spending cuts that threaten to hinder the nation’s economic recovery, as President Barack Obama met Republican and Democratic leaders at the White House in search of an alternative fiscal plan. The inflexible plan, locked in during a bout of deficit-reduction fever in 2011, initiates time-released, across-the-board cuts that can only be halted by agreement between Congress and the White House. That deal has proved elusive so far. …

Military Leaders Say Congress Must Stop Sequester
The billions of dollars in defense budget cuts scheduled to begin at the end of the week will have a swift and severe impact on military readiness and Congress needs to take fast action to stop them, members of the Joint Chiefs of Staff said Tuesday in an 11th hour bid to keep the reductions from going into effect.

More spin than solutions as spending cuts near
Three days before forced spending cuts portrayed by most as an economic body blow, President Barack Obama and Republican rivals relied on spin versus substance Tuesday in trying to prod a deeply divided Congress into action to avert the harshest impacts.



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