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The president blinks:
President Obama on Tuesday will ask Congress to approve legislation to replace at least some of the $85 billion in automatic spending cuts set to hit the government on March 1. A White House official said Obama would emphasize that the scheduled cuts would hurt the Pentagon and the broader economy. "With our economy poised to continue to strengthen this year, the president will make clear that we can't see another self-inflicted wound from Washington," a White House official said. "The president will urge Congress to come together and act to ensure...
Obama: Let's Delay Those Sequester Spending Cuts Again