Obama Urges Congress to 'Compromise' on Cuts

4 years 6 months 4 weeks ago Monday, February 25 2013 Feb 25, 2013 Monday, February 25, 2013 10:25:02 AM CST February 25, 2013 in News
By: Associated Press

WASHINGTON (AP) - President Barack Obama says Congress can keep across-the-board cuts from taking effect with "just a little bit of compromise."

Speaking to the nation's governors, Obama says the impact of the budget cuts may not be felt immediately. But he says the uncertainty created by the cuts is already having an effect on the economy.

The president says Monday that the longer the cuts are in place, the deeper the impact will be on the economy.

Unless Congress acts, $85 billion in cuts will go into effect Friday.

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