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Obama Not Confident Automatic Budget Cuts Can Be Avoided

(Reuters) - President Barack Obama expressed doubt on Thursday that a deal can be struck with Republican lawmakers by a March 1 deadline to head off the start of $85 billion in spending cuts.

His comments, made in an interview with radio talk show host Al Sharpton, suggested the White House was preparing for the possibility the March 1 deadline will pass with no deal.

Source: Reuters . Read full article. (link)

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