President Obama will call for a small package of spending cuts and tax increases to delay going over the next fiscal cliff.
The automatic, across the board cuts were delayed from their previous due date at the beginning of this year and are now scheduled to take effect March 1.
Obama will announce his proposal during an appearance at the White House at 1:15 pm ET. I will live stream it for you. White House Press Secretary Jay Carney’s briefing will immediately follow Obama’s remarks.