Amid US budget battle, another missed deadline

Do Not a Great President Make:
Leaders of a divided Congress acknowledged their failure to avert across-the-board spending cuts set to begin Friday, with lawmakers and the White House trading blame for the doomsday scenario that may lie ahead.

The only related actions of substance Thursday appeared to be votes on competing Senate bills, one sponsored by Democrats and the other by Republicans, to replace the indiscriminate budget austerity, which both sides wanted to avoid when it was baked into law in 2011, with targeted spending cuts and revenues.

President Barack Obama will make a final plea to bickering congressional leaders at a White House meeting on Friday, the last day before the severe cuts known as the sequester begin to kick in.

But many lawmakers from both sides have already resigned themselves to the realization that a deadline-beating budget deal to head off the damaging package of indiscriminate cuts totaling $85 billion this year is just not happening, and that a solution could arise from March negotiations over funding government operations for fiscal year 2013.

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