White House, Republicans trade blame over looming spending cuts
WASHINGTON (Reuters) – The White House presented a detailed breakdown Friday of $109 billion in across-the-board spending cuts scheduled for January, setting off a fresh blame game between the Obama administration and Republicans over responsibility for what both say is a preventable budgetary calamity. The itemization of the so-called "sequestration" plan showed potential pain all around: $11 billion out of the Medicare healthcare program for the elderly, a $15. 3 billion cut in defense procurement accounts and hefty cuts to a Department of Agriculture program that supports farm prices. . . .
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