If Congress does not reach an agreement on spending cut by March 4, they will risk a government shutdown. President Obama warned them today that in addition to the shut down, the economic recovery will have to be stalled. The main disagreement is how much the government will cut for the budget. Obama said in his weekly radio and internet address, “For the sake of our people and our economy, we cannot allow gridlock to prevail. I urge and expect them to find common ground so we can accelerate, not impede, economic growth.” Despite the fact that Congress is Republican-ran House and Democratic-controlled Senate, it is crucial.
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