Boehner warns automatic US budget cuts will stay without other cuts
WASHINGTON Feb 14 (Reuters) - U.S. House of Representatives Speaker John Boehner said on Thursday broad automatic budget cuts will go into effect next month unless Congress and the White House find other spending cuts and "reforms" to balance the U.S. budget within 10 years.
Some $85 billion in budget cuts, also known as the "sequester," are due to go into effect March 1.
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.