US President Barack Obama
Media playback is unsupported on your device
Video

Barack Obama calls budget cuts 'dumb' and 'arbitrary'

US President Barack Obama said cuts will hurt the US economy after political leaders failed to reach a budget deal during last-ditch talks at the White House.

Cuts worth $85bn (£56bn), originally passed in an effort to push Congress to strike a budget deal, are due to become law by the end of Friday.

Mr Obama said "Washington didn't make it easy at a time when businesses have finally began to get some traction".

Go to next video: No deal in sight on US budget cuts