WASHINGTON (February 23, 2013)--President Barack Obama said Saturday that a little compromise is all Congress needs to turn off automatic, across-the-board budget cuts set to kick in a week from now.

In his weekly radio and Internet address, Mr. Obama said the so-called sequester will slow the economy and hurt the middle class.

He said thousands of teachers will be laid off and air traffic controllers will be forced into unpaid leave, leading to airport delays and said almost 800,000 defense workers will also face furloughs.

Mr. Obama said he wants a balanced plan to deal with the deficit that mixes spending cuts with more tax revenue.

In the Republican address, Sen. John Hoeven, R-N.D., said Mr. Obama should approve the Keystone XL oil pipeline as a way to create jobs and grow the economy.

Obama address: www.whitehouse.gov

GOP address: