News Briefs

  Adar 16, 5773 , 26/02/13

Obama Continues to Paint Devastating Picture of Budget Cuts

President Barack Obama on Tuesday will paint a devastating picture of looming government budget cuts, at a fabled shipbuilding yard in Virginia that provides the US Navy's nuclear powered aircraft carriers. The trip will intensify the president's effort to hike pressure on Republicans to agree on tax increases to avert $85 billion in automatic spending cuts this year, which experts warn could stagger the fragile economy, AFP reported. The White House said the cuts, known as "the sequester" which are due to hit on March 1, would see 90,000 civilian defense workers furloughed in Virginia alone
Other archived news briefs:Feb 26 2013, 06:59 PM, 2/26/2013