Obama Tackles Economy, Warns of Threats to Thousands of Jobs
US President Barack Obama urged Congress Saturday to find a balanced approach to deficit reduction, warning that steep budget cuts known as "the sequester" would hurt the economy and threaten thousands of American jobs. "If the sequester is allowed to go forward, thousands of Americans who work in fields like national security, education or clean energy are likely to be laid off," Obama said in his weekly radio and Internet address, AFP reported. "All our economic progress could be put at risk," he added.
Other archived news briefs:Feb 09 2013, 08:21 PM, 2/9/2013