President Barack Obama says “people will lose their jobs” when spending cuts hit

In his latest appeal to stop automatic spending cuts, the president says “hundreds of thousands” may be added to unemployment rolls if cuts take effect on March 1, and he insists again on new tax revenue.

BY CHRIS CASTEEL Modified: February 19, 2013 at 10:55 pm •  Published: February 20, 2013
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WASHINGTON — President Barack Obama warned Tuesday that “people will lose their jobs” if automatic budget cuts go into effect in 10 days, and he insisted again that Congress include higher tax revenue as part of the solution.

Speaking at the White...

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