As the country inches closer to the March 1 sequester deadline, President Barack Obama on Tuesday travels to Newport News, Va., to illustrate what he and the administration believe will be the devastating economic impacts of the spending cuts.
Obama will use Newport News Shipbuilding, which supplies materials to all 50 states, to press his case for Republicans to compromise on tax increases for the wealthiest Americans and some corporations, and pass a budget to avoid the sequester?across-the-board cuts set to occur in the absence of a budget.
Newport News is a place "where workers will sit idle when they should be repairing ships, and a carrier sits idle when it should be deploying to the Persian Gulf," Obama told governors gathered at the White House on Monday for the National Governors Association annual meeting.
Tuesday's trip is the latest effort by the White House to argue against the sequester. Some Republicans have indicated they would allow it to go into effect should Congress fail to agree on a federal budget that they feel adequately reduces spending and the deficit.
In addition to Obama's speech on Monday to the nation's governors?during which he implored them to urge their congressional delegations to find a budget compromise?the sequester was tackled by Homeland Security Secretary Janet Napolitano during Monday's White House briefing. There, she warned that lines for customs and border crossings will significantly increase and trade will slow down due to spending cuts necessitated by the sequester.
The president is set to speak in Virginia at 1:05 p.m. ET.
Source: http://news.yahoo.com/blogs/ticket/obama-address-sequester-newport-news-va-151526997--politics.html
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