The president has now lost much of his leverage over the GOP on spending cuts
When President Obama announced he would not force a government shutdown over the automatic spending cuts that took place on Friday, he lost significant leverage in his dealings with Congressional Republicans. The sequester will now almost certainly remain in place for months, if not even longer.
White House officials had predicted for months that Republicans would cave by agreeing to new revenue from closing tax loopholes. But they never did.
The president's strategy is now down to this: He'll crisscross the country highlighting how Americans are hurt by the spending cuts forced by the sequester and hope resulting pressure will force Republicans back to the negotiating table.
But as John Avlon notes, it's a dangerous game.
The only thing President Obama can do now is wait.
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