Spending cuts to hit US economy, weaken global economy: Barack Obama

Feb 28 2013, 10:24 IST
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Spending cuts to hit US economy, weaken global economy: Barack Obama. (Reuters) Spending cuts to hit US economy, weaken global economy: Barack Obama. (Reuters)
SummaryThe worst part of it is it's entirely unnecessary. It's not what we should be doing," he added.

is concerned about is the enormous uncertainty in terms of the political framework, the tax framework, the debt framework within which all of you are going to be operating over the next several years," Obama said.

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