President Barack Obama and Republicans in Congress are headed for a budget showdown on March 1 involving $85 billion in mandatory cuts, unless lawmakers come up with a different way to reduce the deficit. The cuts will affect domestic and military spending equally, and have hardened the political battle lines in Washington. Back in August of 2011, Obama proposed mandatory budget cuts as a way of forcing action to reduce deficit spending by more than $1 trillion over 10 years. Most analysts ...
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