Obama to seek another short-term fix to looming defense cuts

President Obama is urging another short-term fix to avoid automatic spending cuts set to hit March 1, scheduling a public statement at the White House Tuesday where he will call on Congress to come up with tens of billions of dollars in spending cuts and tax revenue.
The call is the latest effort to kick the can on a deadline set by Congress in the summer of 2011. As part of the debt-ceiling deal, Congress set in motion more than $1 trillion in defense and other spending cuts unless...