Obama to propose short-term fix to avert sequester

President Barack Obama will call for a short-term fix Tuesday afternoon to avert across-the-board spending cuts, and he wants new revenue to be part of the deal, according to a White House official.

Obama scheduled a 1:15 p.m. announcement to ask Congress to act to avoid the “deep, indiscriminate cuts to domestic and defense programs” slated to take effect slated to begin taking effect under sequester starting March 1.