Obama Talks Spending Cuts With Congressional Leaders At White House Meeting

Obama, Leaders Meet At White House Over Sequester
President Barack Obama and Senate Majority Leader Harry Reid of Nev., left, stand on stage as House Speaker John Boehner of Ohio walks to the podium to speak at the unveiling of a statue of Rosa Parks, Wednesday, Feb. 27, 2013, on Capitol Hill in Washington. (AP Photo/Charles Dharapak)
President Barack Obama and Senate Majority Leader Harry Reid of Nev., left, stand on stage as House Speaker John Boehner of Ohio walks to the podium to speak at the unveiling of a statue of Rosa Parks, Wednesday, Feb. 27, 2013, on Capitol Hill in Washington. (AP Photo/Charles Dharapak)

Obama met with congressional leaders Friday to discuss looming automatic budget cuts.

Republican House Speaker John Boehner was among the leaders who met with the president over the cuts, which Obama said would be a "tumble downward" for the economy.

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