Facing an end of the week deadline, President Barack Obama said Monday that Congress can avert sweeping across-the-board cuts with “just a little bit of compromise,” as he sought to stick lawmakers with the blame if the budget ax falls.
Speaking to the nation’s governors, Obama acknowledged that the impact of the $85 billion in cuts may not be felt immediately. But he also said the uncertainty already is impacting the economy, as the Pentagon and other agencies get ready to furlough employees.
“At some point we’ve got to do some governing,” Obama said. “And certainly what we can’t do is keep careening from manufactured crisis to manufactured crisis.”
Despite Obama’s urgent rhetoric, there is no indication that the White House and Congress were negotiating a deal to avoid cuts by Friday’s deadline. White House press secretary Jay Carney said he had no new telephone calls to announce since the president’s conversations with Republican congressional leaders last week. “We will continue to engage with Congress this week,” Carney said.
Obama wants to offset the so-called sequester through a combination of targeted spending cuts and revenue increases, but Republicans oppose any plan that would include tax hikes.
Emerging from a closed-door meeting with Obama, governors said the president had assured the administration is pursuing solutions, but didn’t offer assurances that officials would find a way ahead out ahead of the deadline.