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Sequester talks set for Friday

President Obama meets Friday with Democratic backers and GOP critics on the sequester. Read Story

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Obama, top lawmakers to meet Friday on budget cuts

David Jackson, USA TODAY11:38a.m. EST February 27, 2013

As $85 billion in budget cuts begin to descend on the economy Friday, President Obama plans to sit down with congressional leaders.

President Obama and Mitch McConnell (Photo: Saul Loeb, AFP/Getty Images)

Story Highlights

• President Obama meets with congressional leaders Friday on the sequester
• The sequester -- $85 billion in automatic, across-the-board cuts -- begins to take effect Friday
• Obama, Republicans argue about taxes in a revamped debt cutting deal

President Obama will meet with congressional leaders Friday, the day that $85 billion in automatic budget cuts are set to take effect.