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WATCH LIVE: Obama warns of sequester job losses

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The event comes as the White House is frantically attempting to avert the $85 billion across-the-board sequester cuts that appear increasingly likely. According to White House officials, the rally will echo many of the frequent refrains of the past week, with President Obama using Newport News Shipbuilding — the largest manufacturing employer in Virginia, and a company that relies on suppliers from every state in the union — to again illustrate what could be the severe consequences of sequestration.

Moreover, Obama will travel with a bipartisan group of officials — including Reps. Scott Rigell (R-Va.) and Bobby Scott (D-Va.) — as he attempts to pressure Republican leadership to accept a deficit deal that would prevent the sequester through a mixture of spending cuts and new revenues.

For more on Obama's upcoming remarks, click here.