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White House seeks 'balanced way' to budget fix
Yahoo Political News - | Sunday, February 17, 2013

In this Sunday, Feb. 17, 2013, file photo provided by CBS News new White House Chief or Staff Denis McDonough speaks on CBS's "Face the Nation" in Washington. On talk shows Sunday McDonough said Obama is concerned about the effect the automatic budget cuts, scheduled for next month, will have on America's middle class. He said the economy has been getting stronger over the past few months, and cited improvements in housing, the stock market and consumer confidence. McDonough also said the White House will push for what he calls a reasonable amount of spending cuts coupled with additional tax revenue. (AP Photo/CBS News,Chris Usher)WASHINGTON (AP) — President Barack Obama is concerned about the effect that looming, drastic across-the-board budget cuts will have on the middle class, his new chief of staff said Sunday. Congressional Republicans predicted the cuts would start as scheduled next month and blamed Obama not only for doing little to stop them but for the idea itself.


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