The Sequester - The President's Plan

President Obama believes that our guiding focus must be growing the economy and strengthening the middle class. That’s his North Star, and it's why he won't accept cuts that force the middle class to bear the burden of deficit reduction.

The President has put forward a specific plan that will avoid sequestration's harmful budget cuts and reduce the deficit in a balanced way — by cutting spending, finding savings in entitlement programs and closing tax loopholes.

Both parties have already come together to cut the deficit by more than $2.5 trillion and today the deficit is coming down at the fastest pace since then end of World War II.

President Obama's plan builds on this progress and would cut the deficit by another $1.5 trillion, bringing it below its historic average.