Obama urges short-term budget fix, but GOP balks at more revenue
(MCT) — WASHINGTON — President Barack Obama urged Congress on Tuesday to pass a package of modest cuts and tax changes as a way to delay drastic, across-the-board federal spending reductions that could harm the economy.
But Obama’s proposal would only postpone the $85 billion in automatic cuts, scheduled to take effect March 1, by a few months until a larger deal could be reached.
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