- We 'cant just cut our way to prosperity'.
- Cuts to education, training, energy and national security would cost US jobs.
- In order to achieve full USD 4trln of deficit reduction, tax reforms must go hand in hand with modest reforms in cuts to social programs.
- Full budget may not be finished before March 1.
- Congress should pass smaller sequestration package.
Reaction details (02:26)
- No reaction seen across asset classes as nothing new was announced by the president and talks between Republicans and Democrats in the House and Senate continue.
Analysis details (02:25)
- President Obama offered little new insight into the situation in Congress, although the main point of note was that Congress should pass smaller sequestration package.
06 Feb 2013 - 02:18 - Energy Economic Commentary - Source: Newswires
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