Obama: Sequester pain "will be real"

March 1, 2013 10:07 AM

President Obama warned that the sequester spending cuts, which begin today, will foist real pain on the American people, saying we "can and must" replace these "dumb" cuts with "a more balanced approach" to deficit reduction that includes targeted cuts closes tax loopholes to secure more revenue.

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2:18 May 17, 2013

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Asked whether he thinks more needs to be done to right the ship at the IRS, or whether his resignation and that of another senior official are sufficient, acting IRS commissioner Steven Miller said, "We're not done yet," explaining, "We now have the Treasury inspector general's report, we now have the sense of the facts - now is the time for those that remain" to continue pursuing accountability.