KPIX CBS This Morning Saturday March 2, 2013
Its happening because a choice that republicans in congress have made. Theyve allowed these cuts to happen because they refused to budge on closing a single wasteful loophole to help reduce the deficit. Reporter president obama and congressional leaders met for less than an hour. They did not even discuss alternatives to the spending cuts or when they might again talk about a solution. The impediment is this. Mr. Obama wants to raise taxes on millionaires or eliminate Corporate Tax loopholes. Republicans say they raised 600 billion in the fiscal cliff deal and now is the time they say to focus...
Source: archive.org