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White House seeks 'balanced way' to budget fix

2 years ago February 17, 2013 Feb 17, 2013 Sunday, February 17 2013 Sunday, February 17, 2013 9:15:35 AM EST in News
Source: Associated Press

WASHINGTON - The new White House chief of staff says President Barack Obama is concerned about the effect the automatic budget cuts scheduled for next month will have on America's middle class.

Denis McDonough tells ABC's "This Week" that the economy has been getting stronger over the past few months. He cites improvements in housing, the stock market and consumer confidence.

He says the cuts will affect education, mental health services and food safety.

McDonough says the White House will push for what he calls a reasonable amount of spending cuts coupled with additional tax revenue.

Republicans oppose any tax increases, but the White House will insist on cutting federal red ink "in a balanced way."

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