Politics & Government

March 1, 2013 12:27 PM

President Obama warns no budget deal means economic pain

President Obama took to a White House lectern to warn that he and Congress' failure to meet an agreement on avoiding $85 billion in spending cuts means "many middle class families will have their lives disrupted in significant ways."

Related content

Comments

Videos

More Videos

Obama lays a wreath at Hiroshima Peace Memorial Park 02:18

Obama lays a wreath at Hiroshima Peace Memorial Park

President Obama thanks military members in Hiroshima, Japan 07:43

President Obama thanks military members in Hiroshima, Japan

Visitors pay respects at Vietnam Veterans Memorial 01:15

Visitors pay respects at Vietnam Veterans Memorial

Americans agree, it's time for Obama to visit Hiroshima 02:27

Americans agree, it's time for Obama to visit Hiroshima

A look back at Obama’s visit to Vietnam 01:58

A look back at Obama’s visit to Vietnam

President Obama lands in Vietnam 00:52

President Obama lands in Vietnam

Democrats yell "shame" on the floor of the House of Representatives 02:00

Democrats yell "shame" on the floor of the House of Representatives

Trump to Christie: 'You're not eating Oreos anymore' 00:19

Trump to Christie: 'You're not eating Oreos anymore'

Defense bill approved by House is "strong," says Speaker Ryan 01:43

Defense bill approved by House is "strong," says Speaker Ryan

Obama's advice for Rutgers graduates: 'Have faith in democracy' 01:20

Obama's advice for Rutgers graduates: 'Have faith in democracy'

'The dance Force' is strong with the Obamas 00:23

'The dance Force' is strong with the Obamas

Share Video

Politics & Government Videos