MIAMI (CBSMiami) – Unless Congress comes to some sort of agreement by March 1st, a series of automatics cuts called sequester will go into effect that will cut services to children, seniors and those serving our country.

The White House has warned that hundred of thousands of middle class jobs could be in jeopardy.

In a statement from the Obama administration, officials said that President Barack Obama has put forward a balanced plan to not only avoid sequester but also to reduce the deficit by more than $4 trillion in total.

Many Republicans in Congress, according to the statement, refuse to close tax loopholes for the wealthy to help protect investments that are helping to grow the economy.

Click Here To See How Sequester Will Affect Florida

The White House has said Mr. Obama is willing to compromise but will not accept a deal that undercuts the economic security of the middle class.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

More From CBS Miami

What Are People Talking About?
Weather Forecast 24/7Check for current temps and what to expect throughout the day

Watch & Listen LIVE