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<p>House Speaker John Boehner, R-Ohio, repeats his call for President Obama to submit a budget proposal to Congress, during a news conference at the Capitol in Washington, Wednesday. Eager to buy time and avoid economic pain, President Barack Obama urged Congress on Tuesday to pass targeted short-term spending cuts and higher taxes as a way to put off sweeping, automatic cuts that would slice deeply into military and domestic programs starting March 1.</p>

<p>House Speaker John Boehner, R-Ohio, repeats his call for President Obama to submit a budget proposal to Congress, during a news conference at the Capitol in Washington, Wednesday. Eager to buy time and avoid economic pain, President Barack Obama urged Congress on Tuesday to pass targeted short-term spending cuts and higher taxes as a way to put off sweeping, automatic cuts that would slice deeply into military and domestic programs starting March 1.</p>

February 7, 2013

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Budget brinkmanship
February 7, 2013 8 p.m.

Budget brinkmanship

Analysis: Obama, GOP miles apart on spending cuts

WASHINGTON - After two tumultuous years of budget brinkmanship, President Barack Obama and Republicans in Congress finally agree on something - namely, that a previous 10-year pact to cut $1 trillion across the board was such a bad idea it must be stopped before it starts.