Obama, Republicans plan last-minute talks on sequestration

President Barack Obama and Republican leaders in Congress have agreed to meet Friday to discuss a last-ditch effort to avert $85 billion of spending cuts. Speaking to The Business Council on Wednesday, Obama offered little hope that a deal will be achieved in time. "Whether that can be done in the next two days -- I haven't seen things done in two days in Washington in quite some time," he said.

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