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U.S. President Obama calls on Congress to pass a small package of spending cuts and tax reforms during an announcement in the White House briefing room in Washington

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U.S. President Barack Obama calls on Congress to pass a small package of spending cuts and tax reforms that would delay the larger, automatic “sequester” cuts from going into effect during an announcement in the White House briefing room in Washington February 5, 2013. Huge cuts to defense and domestic programs are slated to go into effect in roughly three weeks, a threat that has caused uncertainty and negatively affected economic growth, a White House official said. REUTERS/Joshua Roberts (UNITED STATES – Tags: POLITICS BUSINESS)

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