Obama urges Congress to 'compromise' on cuts

12:52 PM, Feb 25, 2013   |    comments
Photo by Chip Somodevilla, Getty Images.
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WASHINGTON  -- President Barack Obama says Congress can keep across-the-board cuts from taking effect with "just a little bit of compromise."

Speaking to the nation's governors, Obama says the impact of the budget cuts may not be felt immediately. But he says the uncertainty created by the cuts is already having an effect on the economy.

The president says Monday that the longer the cuts are in place, the deeper the impact will be on the economy.

Unless Congress acts, $85 billion in cuts will go into effect Friday.

PHILIP ELLIOTT
Associated Press 
 

The Associated Press

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