The failure to reach a deal to turn off the sequester after years of clashes over spending and taxes will usher in an era of deeper austerity in the United States. To date, the country has resisted the sharp pullback in federal spending that has
President Barack Obama speaks to the media about sequestration in the Brady Press Briefing Room at the White House in Washington on March 1, 2013 following a meeting with US Speaker of the House John Boehner and Congressional leaders.
The U.S. government stumbled headlong on Friday toward wide-ranging spending cuts that threaten to hinder the economic recovery, after President Barack Obama and congressional leaders failed to find an alternative budget plan. Put in place during a
President Barack Obama speaks to the media about sequestration in the Brady Press Briefing Room at the White House in Washington on March 1, 2013 following a meeting with US Speaker of the House John Boehner and Congressional leaders.
After a brief meeting with Republicans this morning concerning the sequester, President Obama reminded reporters of three things: 1) He's not a dictator; 2) The cuts are the fault of congressional Republicans; and 3) He
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