Finance

McCain: Obama should have Camp David budget summit

WASHINGTON (AP) — Sen. John McCain says President Barack Obama should invite lawmakers to Camp David or the White House to hammer out a last-minute deal to avert deep budget cuts set to start taking effect at week's end.

The Arizona Republican says Obama should be talking with lawmakers instead of demonizing them over the looming across-the-board cuts in domestic and defense spending. McCain calls the Pentagon cuts "unconscionable" and says military leaders are already warning they would be devastating.

McCain, the 2008 GOP president nominee, says it's time for Obama to show leadership and call lawmakers either to Camp David or to the White House for a budget summit. McCain appeared on CNN's "State of the Union."

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