Obama says congressional supercommittee must 'bite the bullet'
President Barack Obama said the congressional supercommittee working to cut the US budget deficit must ``bite the bullet'' and come up with a plan that combines spending cuts with revenue increases.
After the Congressional supercommittee failed to reach a deal to cut the budget, President Obama tonight vowed to veto any attempts to undo $1.2 trillion in automatic spending cuts that would take effect in 2013.