Obama warns spending cuts could idle shipbuilder
WASHINGTON (AP) — President Barack Obama is arguing that looming government-wide spending cuts could idle military resources like naval aircraft carriers, while Republicans are criticizing the president for taking his arguments outside Washington instead of staying to work out a plan before Friday's deadline.
The president planned to appear today at Virginia's largest industrial employer, Newport News Shipbuilding, which would be affected by cuts to naval spending. Obama warned Monday that if the so-called sequester goes into effect later this week, the company's "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 urged Congress to compromise to avoid the cuts, but there has been no indication the White House and congressional Republicans are actively negotiating a deal. The last known conversation between Obama and GOP leaders was last week, and there have been no in-person meetings between the parties this year.
Obama wants to replace the sequester with a package of targeted cuts and tax increases, while Republican leaders insist the savings should come from reduced spending alone.