Barack Obama, Budget Cuts | featured news

President Obama will have a bipartisan lunch on Thursday with Representative Paul D. Ryan, the Republican chairman of the House Budget Committee, and the panel’s senior Democrat, Representative Chris Van Hollen.

After their fifth budget battle in the past two years and after the sequester cuts went into effect on Friday, both sides seemed to wave the white flag and declare a political truce -- for now. President Obama, during his press conference on Friday, suggested little appetite for a showdown over government operations, which will expire later this month. “If the bill that arrives on my desk is reflective of the commitments that we’ve previously made, then obviously I would sign it because I want to make sure that we keep on doing what we need to do for the American people.”

Speaking after meeting with congressional leaders, President Barack Obama said Friday the budget cuts slated to go into effect today are the "choice" of Republicans who stonewalled any compromise to avert them.

While White House strategists believe that Republicans will be blamed as the cuts’ effects slowly emerge, President Obama risks political damage if Americans end up just shrugging at the reductions.

The nation’s capital was enveloped in a familiar kind of gridlock late Monday, as Republicans again demanded that President Barack Obama and Senate Democrats act first to put off $85 billion in automatic cuts slated to take effect on Friday.

House Speaker John Boehner and a top aide to President Obama are duking it out in competing columns over who is to blame for the sequester. "It is a product of the president's own failed leadership," wrote Boehner in The Wall Street Journal, nine days before the sequester -- $85 billion in automatic budget cuts -- kick in.

President Obama, back from his three-day golf getaway, on Monday made use of his bully pulpit, while Congress remains out all week, to turn up the pressure for a bipartisan agreement to avoid indiscriminate across-the-board budget cuts that will otherwise hit March 1.