President Obama joked about the budget cuts known as the sequester, suggesting that seats had been take from his event because of the cuts:

"Those of you who have chairs, i was not sure everybody had chairs there. Please feel free to sit down there. I'm sorry. everybody was standing. I thought -- one of the effects of the sequester, you had to get rid of chairs. That's good. I'm glad we got some chairs," joked Obama.

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