Gale Warning issued for Virginia and N. Carolina waters, Chesapeake Bay

Obama to deliver remarks about sequestration

Pres. Obama official portrait 2008

Pres. Obama official portrait 2008

 

From Jessica Yellin

WASHINGTON (CNN) — President Barack Obama will deliver remarks Tuesday morning urging action to avoid the automatic across-the-board budget cuts called the sequester, a White House official said.

The cuts are scheduled to hit Friday, March 1 “if Congress fails to find a path forward on a balanced deficit reduction,” the official said in a statement. The reductions could spur the loss of thousands of jobs.

The president will urge Republicans to compromise on a balanced solution. He is scheduled to speak at 10:45 a.m. in the South Court Auditorium at the White House.

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