Remarks at a Democratic National Committee Dinner in New York City
10/19/2009
https://www.presidency.ucsb.edu...
The deal includes an automatic sequester on certain spending programs to ensure that at least $1.2 trillion in deficit reduction is achieved...
The debt deal announced today is a victory for bipartisan compromise, for the economy and for the American people.
The discretionary savings are spread between both domestic and defense spending.
This Committee will work without the looming specter of default, ensuring time to carefully consider essential reforms.