US President Barack Obama speaks during an event at Newport News... News PhotoBarack Obama,Event,Government,Horizontal,Newport News,One Person,Passenger Craft,People,Politics,President,Propeller,Speech,Steamboat,Talking,US President,USA,VirginiaPhotographer Collection: AFP 2013 AFPUS President Barack Obama speaks during an event at Newport News Shipbuilding February 26, 2013 in Newport News, Virginia. Obama painted a devastating picture of looming government budget cuts, at a fabled shipbuilding yard in Virginia that provides the US Navy's nuclear powered aircraft carriers. The trip will intensify the president's effort to hike pressure on Republicans to agree on tax increases to avert $85 billion in automatic spending cuts this year, which experts warn could stagger the fragile economy. The White House said the cuts, known as 'the sequester' which are due to hit on March 1, would see 90,000 civilian defense workers furloughed in Virginia alone and would hurt companies in 50 states that supply shipbuilders. AFP PHOTO/Brendan SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)