Budget gridlock continues as $85 billion in across-the-board spending cuts take effect - Press of Atlantic City: Breaking News

Budget gridlock continues as $85 billion in across-the-board spending cuts take effect

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Posted: Saturday, March 2, 2013 12:00 am

WASHINGTON — Gridlocked once more, President Barack Obama and Republican congressional leaders refused to budge in their budget standoff Friday as $85 billion in across-the-board spending cuts bore down on individual Americans and the nation’s still-recovering economy. “None of this is necessary,” said the president after a sterile White House meeting that portended a long standoff.

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