President Obama on Monday threatened to veto any effort to avoid the automatic spending cuts triggered by the deficit super committee’s failure to reach a deal.
Obama — who spoke for about four minutes and took no questions — placed the blame for the committee’s failure to reach a deal on Republicans, saying that Democrats offered concessions on entitlement programs, but Republicans wouldn’t budge. Obama added that, one way or another, the U.S. will trim the deficit by at least $1.2 trillion over the next 10 years — a goal the super committee originally sought to achieve.
For more on how the super committee’s negotiations broke down, TPM’s Brian Beutler reports.
