President Obama's Weekly Address: Averting the Sequester and Finding a Balanced Approach to Deficit Reduction

President Obama urges Congress to act to avoid a series of harmful and automatic cuts—called a sequester—from going into effect that would hurt our economy and the middle class and threaten thousands of American jobs. The President urges Congress to find a balanced approach to deficit reduction that makes investments in areas that help us grow and cuts what we don’t need.