A rush transcript of "This Week with George Stephanopoulos" airing on Sunday morning, February 24, 2013 on ABC News is below. This copy may not be in its final form and may be updated.
STEPHANOPOULOS: Good morning and welcome to This week.
A new cliff is here.
(BEGIN VIDEO CLIP)
BARACK OBAMA, PRESIDENT OF THE UNITED STATES: These cuts are not smart.
UNIDENTIFIED MALE: It's a stupid way to govern.
(END VIDEO CLIP)
STEPHANOPOULOS: Across the board spending cuts just five days...Full Story