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".
01 Mar 2013
- From the section US & Canada