 Obama Calls for Balanced ApproachWith severe spending cuts now etched into law, US President Barack Obama urged Congress Saturday to find a deficit-trimming alternative. US Frees Detained Migrants as Budget Cuts LoomUS officials released hundreds of detained immigrants to trim expenses ahead of massive automatic budget cuts due to take effect this week. Fed Chairman Bernanke Warns of Slow GrowthFederal Reserve Chairman Ben Bernanke warned that looming budget cuts could further slow growth. Obama Continues to Argue Against CutsObama is increasing pressure on Republicans to agree on tax increases to avert $85 billion in automatic spending cuts. Obama Warns: Budget Cuts will Slow EconomyObama warned warring politicians it was time to start governing as Washington deals with another crisis threatening the fragile economy. Obama Blames Republicans for Refusing to DealObama accused Republicans of refusing to deal and painted a dire picture of the US economy if the automatic cuts take effectObama Warns of Threats to Thousands of JobsObama warned Congress that steep budget cuts would hurt the economy and threaten jobs. |
