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Obama Proposes Short Term Package To Avoid Consequences Of Sequester

With Congress unlikely to pass a comprehensive budget before March 1, President Barack Obama plans to call on Congress to pass a stopgap measure that would delay across-the-board spending cuts, scheduled to take effect at the month.

"There is no reason that the jobs of thousands of Americans ... not to mention the growth of the entire economy, should be put in jeopardy just because folks in Washington couldn't come together," Obama said today.

"At the very least we should give them a chance to come up with this budget instead of making indiscriminate cuts now that would cost us jobs and significantly slow down our economy," he also said.

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