Reuters: Regulatory News: Obama says Congress ought to avert year-end budget cuts

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Obama says Congress ought to avert year-end budget cuts Jul 23rd 2012, 20:08 RENO, Nevada, July 23 | Mon Jul 23, 2012 4:08pm EDT RENO, Nevada, July 23 (Reuters) - U.S. President Barack Obama said on Monday there was no reason across-the-board budget cuts should occur at the end of this year, saying lawmakers in Congress ought to agree on a balanced plan to avoid the widely feared pinch. In a speech to veterans, Obama said it was still possible to avert the pending cuts to defense and other areas that stem from a failure to reach a deal to reduce the federal deficit. "There's no reason that should happen because people in Congress ought to be able to come together and agree on a plan, a balanced approach that reduces the deficit and keeps our military strong. It should be done," he said.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions