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Last Updated: Thursday, October 1, 2026 at 05:15 PM
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First Word: Sequestration stalemate

President Obama heads to Virginia's largest industrial employer on Tuesday and will visit Newport News Shipbuilding, which would be affected by cuts to naval spending. The president will again call on Republicans to sign off on a new debt reduction plan.

President Obama heads to Virginia's largest industrial employer on Tuesday and will visit Newport News Shipbuilding, which would be affected by cuts to naval spending. The president will again call on Republicans to sign off on a new debt reduction plan.

After nearly two years since the failure of “grand bargain” talks between President Obama and Speaker Boehner in 2011, the first $85 billion of automatic budget cuts known as the sequester are set to kick in Friday, and there are no discussions scheduled to prevent it. President Obama heads to Virginia’s largest industrial employer on Tuesday and will visit Newport News Shipbuilding, which would be affected by cuts to naval spending.

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