President Barack Obama says Americans will get through the automatic spending cuts kicking in Friday.
Obama says the nation shouldn't be making "dumb and arbitrary" cuts. He says Republicans have allowed the cuts to happen.
Obama stays he still believes the cuts can be replaced, but he wants a deal that includes more taxes.
He says as long as the cuts stay in effect, Americans will know that the economy could have been better had they been averted.
Obama spoke after a meeting with congressional leaders that yielded no immediate results.