Obama warns of harm to economy if sequester takes effect

02/19/2013 | USA Today · NBC News · Washington Post, The

President Barack Obama said thousands of jobs and the U.S. economy will be put in danger if the budget sequester set takes effect March 1, imposing $85 billion of spending cuts. He appealed to Republican lawmakers to back a debt-reduction plan that relies on a combination of revenues from eliminating tax breaks for the wealthy and a spending reduction. Republicans said Obama was merely trying to shift the blame for the sequester.

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USA Today · NBC News · Washington Post, The

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