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  • Obama, Congress fail to avert sequester cutsadd to reading list  

    Posted on March 1, 2013 at 3:38 PM

    Updated Friday, Mar 1 at 7:21 PM

    President Obama and congressional leaders failed to reach a breakthrough to avert a sweeping package of automatic spending cuts, setting into motion $85 billion of across-the-board belt-tightening that neither had wanted to see.

    By DEVIN DWYER and MARY BRUCE
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