Politics

No Deal After Last Minute White House Meeting on Sequester

Don't be surprised, this is barely news

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President Obama and congressional leaders huddled in the Oval Office on Friday morning but the last-ditch effort failed to produce a compromise to forestall $85 billion in automatic spending cuts all sides say they want to avoid. 

The meeting, which lasted less than an hour, yielded no new plan to dodge a series of across-the-board budget cuts due to begin hitting most federal agencies and programs at midnight Friday.