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FEB 19, 2013 - Business Insider

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Obama Warns Congress To Avert The Sequester: 'This Is Not An Abstraction — People Will Lose Their Jobs'

President Barack Obama pressured Congressional Republicans to take action to avert the spending cuts scheduled to take effect next week as a result of the sequester this morning, telling the nation in a press conference that the cuts are "not an abstraction." "People will lose their jobs. The unemployment rate might tick up again," Obama said, appearing in front of a slew of emergency responders.  He used the presence of the first responders — whose jobs he said were on the line as a result of the cuts — to issue a direct challenge to Republicans. "Are you willing to see a ... Read More

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