Barack Obama signs order to begin USD 85 billion in spending cuts

PTI : Washington, Sat Mar 02 2013, 11:26 hrs

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And this is happening because of the Republicans he alleged. "None of this is necessary. It's happening because of a choice that Republicans in Congress have made. They've allowed these cuts to happen because they refuse to budge on closing a single wasteful loophole to help reduce the deficit," he said. "As recently as yesterday, they decided to protect special interest tax breaks for the well-off and well-connected, and they think that that's apparently more important than protecting our military or middle-class families from the pain of these cuts," he said.

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