The Hill
Feb. 5, 2013
President Obama on Tuesday demanded that Congress approve legislation to replace at least some of the $85 billion in automatic spending cuts set to hit the government on March 1.
Obama offered no concrete plan on how to replace the cuts, but warned that if Congress allowed them to go forward, it would hurt the economy.
The Congressional Budget Office on Tuesday estimated that allowing the sequestration cuts to go forward would lead to a 0.7 percent decline in the growth of gross domestic product this year, while the Bipartisan Policy Center has said the cuts could cost the nation 1 million jobs this year. Some defense firms have warned of even larger job losses.
For media inquiries, please contact:
Ashley Berrang
Director of Communications
Contact Ashley
For media inquiries related to energy policy, please contact:
Rosemarie Calabro Tully
Energy Project Press Secretary
Contact Rosemarie
For Congressional inquiries, please contact the Bipartisan Policy Center Advocacy Network:
Contact BPCAN
202-218-6761
