Obama renews budget offer to cut social safety nets

[riky]

Obama renews budget offer to cut social safety nets

<p><a href="http://news.yahoo.com/spending-cut-showdown-threatens-obamas-second-term-agenda-025029989--business.html"><img src="http://l3.yimg.com/bt/api/res/1.2/dAWvi.gGpzzQvuTKsCPfLw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-03-03T230301Z_5_CBRE9210K7L00_RTROPTP_2_USA-FISCAL-OBAMA-SHUTDOWN.JPG" width="130" height="86" alt="Obama speaks about the sequester in Washington" align="left" title="Obama speaks about the sequester in Washington" border="0" /></a>WASHINGTON (Reuters) - President Barack Obama raised anew the issue of cutting entitlements such as Medicare and Social Security as a way out of damaging budget cuts, a White House official said on Sunday, as both sides in Washington tried to limit a fiscal crisis that may soon hit millions of Americans. Signaling he might be ready to explore a compromise to end automatic spending cuts that began late Friday, Obama mentioned reforming these entitlement programs in calls with lawmakers from both parties on Saturday afternoon. ...</p><br clear="all"/>

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