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Friday, March 1, 2013

New budget crisis begins after Washington fiscal talks fail

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Obama speaks about a sequester in WashingtonWASHINGTON (Reuters) – The U.S. government stumbled headlong on Friday toward wide-ranging spending cuts that bluster to hinder a economic recovery, after President Barack Obama and congressional leaders unsuccessful to find an alternative budget plan. Put in place during a bout of deficit-reduction fever in 2011, a automatic cuts can only be halted by agreement between Congress and a White House. …



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