President Obama urges Congress to take action to avoid the automatic budget cuts known as "sequestration" which are scheduled to hit March 1 if lawmakers fail to find a path forward on balanced deficit reduction. Obama calls the "sequester" a "meat clever approach" to budget cutting. Joined by law enforcement officers and first-responders, Obama warns that the automatic cuts, totaling about $85 billion over the course of a year, will prompt job losses, weaken national security, and cancel government services. Held in the South Court Auditorium of the White House.
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