Obama Pressures Congress on Averting Sequestration

Feb. 19 (Bloomberg) -- President Barack Obama speaks about the need for Congress to avert the automatic $1.2 trillion in budget cuts set to kick in March 1. Obama said if lawmakers can’t agree on a broad deal to replace the across-the-board spending reductions, Congress should “at minimum” pass a temporary, smaller package that provides more time for negotiations. (Source: Bloomberg)

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