Congressional Leaders Head to White House to Talk Budget

Updated: 03/01/2013 7:55 AM By: Cassie Hart

President Barack Obama is calling the top bipartisan congressional leadership to the White House today, just hours before the president has to put into effect $85 billion in military and domestic cuts.

Obama is pushing a 10-year, $1.5 trillion deficit reduction that also would mean a tax increase.

Meanwhile, yet another economic deadline is looming. A March 27th government shutdown will take place unless a budget deal is done.

Click here to see how the cuts could impact you.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)