Barack Obama warns of risks over budget cut uncertainty
Obama will seek to build public support for his call to offset the sequester with a combination of targeted cuts and tax revenues Tuesday when he travels to Newport News, Virginia, a community that would be impacted by the defense cuts.
Many of the nation's governors, who are gathered in Washington for their annual meeting, voiced frustration over the impending cuts, saying Washington's inability to strike a deal had created widespread uncertainty in the economy and hampered economic recovery in their states.
"The president needs to show leadership,'' said Louisiana Gov. Bobby Jindal, a Republican considered a potential 2016 presidential contender, following a meeting with Obama. "The reality is it can be done. This administration has an insatiable appetite for new revenue.''
The governors, emerging from a closed-door meeting with Obama Monday, said the president had assured them the administration is pursuing solutions, but offered no assurances that officials would find a way ahead out ahead of the deadline.
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