Obama called top Republicans to discuss looming cuts-White House

WASHINGTON Thu Feb 21, 2013 6:58pm GMT

WASHINGTON Feb 21 (Reuters) - President Barack Obama on Thursday called Republican congressional leaders, House of Representatives Speaker John Boehner and Senate Minority Leader Mitch McConnell, to discuss looming spending cuts, the White House said.

White House spokesman Jay Carney said the conversations were "good" but declined to provide any details.

An estimated $85 billion in across-the-board "sequestration" cuts are due to go into effect March 1 unless Congress acts. Obama and others have warned that the cuts could hurt economic growth and lead to hundreds of thousands of job losses.

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After wave of QE, onus shifts to leaders to boost economy

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.