President Obama said during Monday night's debate that the automatic across-the-board spending cuts to defense and domestic spending known as sequestration "won't happen."
Blogs / Leadership
Obama Says Sequestration Won't Happen
Obama said sequestration is "something that Congress proposed. It will not happen."
The cuts occur automatically without legislation averting them, so Obama's statement may not change much. But if Obama wins, the statement could make it harder for him to wield the leverage resulting from threatening to let the cuts occur.