Obama Says No Sequestration, But Has No Plan

President Obama declared for the first time last night that he would block the large, automatic cuts in defense set to take effect early next year after Republican rival Mitt Romney sharply criticized the administration for weakening U.S. armed forces just as the nation is facing a nuclear threat from Iran and growing tumult in the Middle East.

The president’s remarks during his third and final debate with Romney in Boca Raton, Fla., caught Romney and other GOP leaders by surprise, and may have been aimed at reassuring defense industry workers in Virginia, Ohio and other key battleground states two weeks before the election.


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