Obama pledges veto for any bill undoing Medicare cuts

Any bills threatening to restructure Medicare payments contained within the health bills will be met with a veto, President Barack Obama pledged Monday.

Obama said during an interview with ABC News that he would veto any bills from Congress that threatens to undo or restructure cuts to Medicare in the House and Senate bills meant to help finance the hundreds-of-billion dollar programs.

"I actually have said that it is important for us to make sure this thing is deficit neutral, without tricks," Obama says. "I said I wouldn't sign a bill that didn't meet that criteria."

"Congress needs to know that when I say this has to be deficit neutral, I mean it," the president added.

Obama additionally said that his administration is starting to look ahead to future budgets to help constrain the deficit and national debt down the line.