Republicans and Democrats brace for impact of March 1 cuts
WASHINGTON (Reuters) – With five days left before $85 billion is slashed from U. S. government budgets, governors and lawmakers from both parties said the White House and Congress should pull out the stops to avert indiscriminate cuts. Republicans, who are seeking spending cuts, urged President Barack Obama to apply what’s known as the "sequester" in a more careful way, rather than slashing budgets across the board. Congress returns on Monday after a week-long recess and unless lawmakers reach a deal with the White House to postpone the cuts, they will take effect on March 1. . . .
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