Obama pledges to veto effort to undo automatic spending cuts President Obama is promising to veto any effort to undo the automatic spending cuts that are set to take effect now that the congressional supercommittee has announced its failure to strike a deal to cut $1.2 trillion from the deficit over the next 10 years.

„Already some in Congress are trying to undo these automatic spending cuts. My message to them is simple: No,“ Mr. Obama said from the White House briefing room Monday evening. „I will veto any effort to get rid of those automatic spending cuts to



The president’s statement came about an hour after the chairs of the bipartisan supercommittee, Sen. Patty Murray, D Wash., and Rep. Jeb Hensarling, R Texas., officially announced that they would be unable to reach a deal, citing an inability to bridge „significant differences.““After months of hard work and intense deliberations,uggdetske we have come to the conclusion today that it will not Ugg Boots Online be possible to make any bipartisan agreement available to the public before the committee’s deadline,“ Ugg Boots On Feet said Hensarling and Murray in a joint statement. In addition to a $1 trillion in cuts agreed to then, the committee was tasked with finding $1.2 trillion in deficit reduction over the next 10 years.