The Washington Post

McDonough: ‘We’ve not given up’ on averting sequester

White House Chief of Staff Denis McDonough said Sunday that Presiden Obama has not given up on the prospect of averting the looming across-the-board spending cuts known as the sequester.

"Well we’ve not given up on this, Bob, and the reason we haven’t given up on it is because it’s going to have a real impact on middle class families," McDonough told Bob Schieffer on CBS News' "Face The Nation."

Senate Democrats proposed a plan last week to delay the threat of the deep cuts -- which are set to kick in March 1 if lawmakers do not act -- in part by raising taxes on millionaires. The White House issued a statement in support of the proposal, but top Democrats acknowledged that it faces tough odds.

Republicans have mainly opposed discussing new tax revenue, saying the matter was addressed in the deal to avert the "fiscal cliff," which included tax rate hikes on the wealthiest Americans.

"When you look what at Senate Democratic plan and the president’s plan – both very balanced plans that get some savings in this deficit fight from spending cuts, and some savings from increased revenues," McDonough said on "Face The Nation." "What our friends in the House have told us is that they will not even consider anything that includes increased revenues. Not even closing loopholes for corporate jets; closing loopholes for oil and gas companies."

Sen. John McCain (R-Ariz.), who last week expressed a possible willingness to consider supporting new tax revenue to avoid sequestration, on Sunday pressed Obama to negotiate with Republicans, and reiterated his openness to consider new tax revenues.

"I said that I would be glad to close some loopholes about these kinds of subsidies that are outrageous and disgraceful," McCain said, as he called on Obama to step up his leadership on the matter of sequestration.

On CBS, McDonough also underscored Obama's deficit reduction plan, saying: "Over the course of the last several months we’ve got agreement on $2.5 trillion in deficit reduction over the next 10 years. We’re ready to do another trillion-and-a-half to get to the $4 trillion mark that every economist in the country says we need to do to stabilize the debt problem."

House Budget Committee Chairman Paul Ryan (R-Wis.), who has said he thinks the sequester will happen, explained why on ABC's "This Week With George Stephanopoulos."

"The Senate hasn't passed a bill to replace the sequester. The president gave a speech showing that he'd like to replace it, but he hasn't put any details out there.  So that is why I conclude I believe it's going to take place," Ryan said.

Sean Sullivan has covered national politics for The Washington Post since 2012.



Success! Check your inbox for details. You might also like:

Please enter a valid email address

See all newsletters

Show Comments
Most Read



Success! Check your inbox for details.

See all newsletters

Your Three. Videos curated for you.
Play Videos
Making family dinnertime happen
Deaf banjo player teaches thousands
New limbs for Pakistani soldiers
Play Videos
A veteran finds healing on a dog sled
Learn to make this twice-baked cookie
How to prevent 'e-barrassment'
Play Videos
Syrian refugee: 'I’m committed to the power of music'
The art of tortilla-making
Michael Bolton's cinematic serenade to Detroit
Play Videos
Circus nuns: These sisters are no act
5 ways to raise girls to be leaders
Cool off with sno-balls, a New Orleans treat
Next Story
Sean Sullivan · February 17, 2013

To keep reading, please enter your email address.

You’ll also receive from The Washington Post:
  • A free 6-week digital subscription
  • Our daily newsletter in your inbox

Please enter a valid email address

I have read and agree to the Terms of Service and Privacy Policy.

Please indicate agreement.

Thank you.

Check your inbox. We’ve sent an email explaining how to set up an account and activate your free digital subscription.