Obama calls for short-term fix to avoid sequester


President Obama on Tuesday called for a small package of spending cuts and tax changes to delay deep reductions in domestic and defense spending from starting next month, a White House official said.

With time running out, Obama said, Congress should adopt measures to postpone the automatic spending reductions, known as the sequester, for a few months. Without any action, the cuts, worth $1.2 trillion over a decade, are scheduled to take effect March 1 and are causing deep anxiety among government workers and contractors.

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