Obama: 'I will veto any effort' to undo automatic cuts
In an appearance in the White House briefing room a little more than an hour after the committee officially conceded failure, the president said his answer to those who want to eliminate those cuts "is simple: No. I will veto any effort to get rid of those automatic spending cuts to domestic and defense spending. There will be no easy off-ramps on this one."
He added, "We need to keep the pressure up to compromise, not the turn off the pressure."