Spending cut debate casts pall over Obama’s second-term agenda
WASHINGTON (Reuters) – Just hours after across-the-board spending cuts officially took effect, President Barack Obama pressed Congress on Saturday to work with him on a compromise to halt a fiscal crisis that threatens the economy and his broader domestic policy agenda. The failure by Obama and Republicans to agree to halt the $85 billion ‘sequester’ cuts virtually guaranteed that fiscal issues would remain center stage in Washington for weeks, crowding out Obama’s proposals to reform immigration, tighten gun laws and raise the minimum wage. . . .
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