President Obama pauses while speaking in the James Brady Press Briefing Room of the White House in Washington on Feb. 5, 2013. The president will ask Congress to come up with tens of billions of dollars in short-term spending cuts and tax revenue to put off the automatic across the board cuts that are scheduled to kick in March 1. (Associated Press)

Photo by: Charles Dharapak

President Obama pauses while speaking in the James Brady Press Briefing Room of the White House in Washington on Feb. 5, 2013. The president will ask Congress to come up with tens of billions of dollars in short-term spending cuts and tax revenue to put off the automatic across the board cuts that are scheduled to kick in March 1. (Associated Press)