Obama asks lawmakers for short-term economic fix
Posted at: 02/05/2013 11:35 AM
By: The Associated Press
WASHINGTON (AP) - President Barack Obama is asking Congress to come up with tens of billions of dollars in short-term spending cuts and tax revenue to delay automatic spending cuts scheduled to kick in March 1.
Obama said Tuesday he still believes the nation should move forward with a broad package for tax reform and spending cuts.
But he says if Congress can't act before the March 1 deadline, lawmakers should at least pass a smaller package to stave off the damaging effects of the across-the-board cuts.
Obama says the proposals he offered House Speaker John Boehner late last year during discussions over the so-called fiscal cliff are still on the table.
Obama isn't placing a time span or a dollar amount on the short-term plan. Officials say he will leave that to Congress.
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