Current Weather
The Spy FM

Obama To Call For Small Package Of Cuts, Tax Changes To Head Off ‘Sequester’

Filed by KOSU News in Politics.
February 5, 2013

Looking to use what influence he has to head off deep, automatic spending cuts set to kick in on March 1, President Obama Tuesday afternoon will “call on Congress to act to avoid the sequester and reduce the deficit in a balanced way.” the White House says.

Officials tell the White House press corps that the president “will call on Congress to pass a smaller package of spending cuts and tax reforms to avoid the economically harmful consequences of the sequester for a few months.” He’s scheduled to issue that call around 1:15 p.m. ET.

As NPR’s Ari Shapiro reports for our Newscast Desk:

“Congress created the sequester as a forcing mechanism. Across-the-board cuts would only take effect if lawmakers failed to agree on a deficit reduction plan. These cuts were designed to be so draconian that Congress would have no choice but to cut the deficit.

“That’s not how it worked out.

“Congress failed to reach an agreement, and now the sequester is looming. The White House believes it’s already hurting economic growth.

“So today, President Obama will call on Congress to pass a small package of spending cuts and tax changes.

“A White House official says this is intended to give more time to reach a solution that permanently avoids the sequester and significantly reduces the deficit.”

We’ll watch for more news from the president’s statement.

Update at 11:45 a.m. ET. Special Coverage:

NPR plans on-air and streaming coverage of the president’s announcement, starting at 1 p.m. ET. We’re planning to embed an audio player as the time draws closer. Click here to find an NPR station that will be carrying the coverage. [Copyright 2013 NPR]

Leave a Reply

7PM to 9PM Juke Joint Revival

Juke Joint Revival

Juke Joint Revival rivals any Rockabilly/Roots show on the air today, and the host of that program, Jenni Zee, lives and breathes the Rockabilly lifestyle. Her show has drawn the attention of Rockabilly fans the world over.

Listen Live Now!

9PM to 10PM The Spy

The Spy

An eclectic mix of the Spy's library of more than 10,000 songs curated by Ferris O'Brien.

View the program guide!

10PM to 11PM The Blank Generation

The Blank Generation

Our punk show, The Blank Generation, is hosted by Katie Jones and Chad Hunnicutt. Katie has been attending punks shows for more than half her life. Chad is a member of local band, The Muck Savages.

View the program guide!

Upcoming Events in your area (Submit your event today!)

Streaming audio and podcasts

Stream KOSU on your smartphone

Phone Streaming

SmartPhone listening options on this page are intended for many iPhones, Blackberries, etc. with low-cost software applications available to listen to our full-time web streams, both News on KOSU-1 and Classical on KOSU-2.

Learn more about our complete range of streaming services

We're perfecting the patient experience - Stillwater Medical Center