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Across-the-board budget cuts are set to slice federal spending

WASHINGTON -- Across-the-board budget cuts were set to begin hitting federal agencies at midnight Friday after last-minute efforts by President Obama and congressional leaders failed to produce a compromise to forestall $85 billion in automatic reductions that all sides said they wanted to avoid.

By Kathleen Hennessey and Michael A. Memoli

March 1, 2013

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