Obama, top lawmakers to meet Friday on budget cuts

President Obama is scheduled to meet with the top Republicans and Democrats from the House and Senate on Friday, after the deadline for averting $85 billion in budget cuts has already passed.

WASHINGTON — The White House says President Barack Obama will meet Friday with congressional leaders to discuss what to do about $85 billion in mandatory spending cuts.

The top Democrat and Republican in both the House and Senate will attend. It's the first face-to-face meeting between Obama and Republican leaders this year.

Senate Republican Leader Mitch McConnell says it's a chance to address ways to reduce government spending. He says Americans won't accept more taxes as part of a deal to avert the cuts.

The across-the-board cuts are set to kick in on Friday, so the meeting will come after Congress has officially missed the deadline for averting the cuts.

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