Investors face another Washington deadline
NEW YORK (Reuters) – Investors face another Washington-imposed deadline on government spending cuts next week, but it’s not generating the same level of fear as two months ago when the "fiscal cliff" loomed large. Investors in sectors most likely to be affected by the cuts, like defense, seem untroubled that the budget talks could send stocks tumbling. Talks on the U. S. budget crisis began again this week leading up to the March 1 deadline for the so-called sequestration when $85 billion in automatic federal spending cuts are scheduled to take effect. . . .
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