"...President Barack Obama vowed to veto any effort to stop $1.2 trillion from automatic spending cuts after congressional supercommittee charged with finding ways to cut the deficit said Monday that it would not be able to reach a bipartisan agreement by the midnight deadline. "One way or another, we will be trimming the deficit," Obama told reporters in brief remarks at the White House." There will be no easy off ramps on this one. We need to keep the pressure up to compromise...."
