Obama: Sequester Should Be Delayed For ‘A Few More Months’ If Congress Can’t Reach A Deal

President Obama on Tuesday said the automatic spending cuts set to take effect in March should be delayed for “a few months” while Congress works on a compromise to replace the sequester. 

“If Congress can’t act immediately on a bigger package, if they can’t get a bigger package done by the time the sequester is scheduled to go into effect, then I believe that they should at least pass a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester for a few more months, until Congress finds a way to replace these cuts with a smarter solution,” Obama said in the White House briefing room.