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Obama Presses Congress for Deal to End Spending Cuts
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Obama Presses Congress for Deal to End Spending Cuts

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Obama Presses Congress for Deal to End Spending Cuts

Just hours after across-the-board spending cuts officially took effect, President Barack Obama pressed Congress on Saturday to work with him on a compromise to halt a fiscal crisis.

More on CNBC...

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Market Wizard
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Quoting 
"These cuts are not smart," Obama said in his weekly radio and Internet address. "They will hurt our economy and cost us jobs. And Congress can turn them off at any time - as soon as both sides are willing to compromise."

This is no surprise and already priced in looking at the indizes ended yesterday...

As long as the US spending stays in these astronomical spheres there is no hope for a better economic situation in the US
- cutting spending now or not.

GFIs1

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