Facing Friday deadline, Obama says Congress can avoid budget cuts if lawmakers compromise

Monday - 2/25/2013, 4:30pm EST

WASHINGTON (AP) -- President Barack Obama is telling the nation's governors that "at some point we've got to do some governing," rather than "careening from manufactured crisis to manufactured crisis."

At a White House meeting today, he told the governors that the automatic spending cuts due to be triggered on Friday can be averted with "just a little bit of compromise."

Unless Congress acts, $85 billion in cuts will go into effect Friday. Speaking to the nation's governors, Obama says the impact of the cuts may not be felt immediately, but the uncertainty created is already having an effect on the economy.

The spending cuts have frustrated governors attending the National Governors Association meeting in Washington, who worry that it could threaten economic recovery in their states.

Gov. Bobby Jindal (JIN'-dul) says he believes a deal can be reached but adds, "the president needs to show leadership." The Louisiana Republican accused the president of having "an insatiable appetite for new revenue."

Despite the looming deadline, there is no indication that the White House and Congress are negotiating.

%@AP Links

178-w-32-(Jerry Bodlander, AP correspondent, with President Obama)--The president says the looming spending cuts are not inevitable. AP Correspondent Jerry Bodlander reports. (25 Feb 2013)

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180-a-07-(President Obama, in remarks to the National Governors Association)-"bit of compromise"-President Obama says the looming automatic cuts can be avoided.((longer version of cut in wrap)) (25 Feb 2013)

<> 00:07 "bit of compromise"

182-a-09-(President Obama, in remarks to the National Governors Association)-"to manufactured crisis"-President Obama says officials need to face up to critical issues instead of avoiding them. (25 Feb 2013)

<> 00:09 "to manufactured crisis"

181-a-16-(President Obama, in remarks to the National Governors Association)-"the well connected"-President Obama says the aim is to make the tax system fairer. (25 Feb 2013)

<> 00:16 "the well connected"

078-a-14-(Governor Bobby Jindal, R-La., in interview)-"last year's budget"-GOP Governor Bobby Jindal says President Obama needs to show some leadership to prevent automatic budget cuts scheduled to take place March first. COURTESY: NBC's 'Meet the Press' ((mandatory on-air credit)) (25 Feb 2013)

<> 00:14 "last year's budget"

079-a-07-(Governor Bobby Jindal, R-La., in interview)-"jeopardizing meat inspections"-GOP Governor Bobby Jindal says there is no need for automatic budget cuts to have a devastating effect. COURTESY: NBC's 'Meet the Press' ((mandatory on-air credit)) (25 Feb 2013)

<> 00:07 "jeopardizing meat inspections"

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