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U.S. stares down start of steep "automatic" budget cuts
The U.S. government hurtled on Friday toward making deep spending cuts that threaten to hinder the nation's economic recovery, after Republicans and Democrats failed to agree on an alternative deficit-reduction plan. Locked in during a bout of deficit-reduction fever in 2011, the time-released "automatic" cuts can only be halted by agreement between Republican lawmakers and the White House. That has proved elusive so far. Both sides still hope the other will either be blamed by voters for the cuts or cave in before the worst effects - like air traffic chaos or furloughs for tens of thousands of federal employees ... (full story)
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- rigpa
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- spekitox
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forget about tomorrow, just steal away into the night
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- albchr
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Ghost Rider - WWTBMD?
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When the facts change I change my mind, what do you do sir