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Cuts in place, Obama and GOP brace for next fight

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WASHINGTON (AP) — Severe spending cuts now the law of the land, President Barack Obama and congressional Republicans refused Saturday to concede any culpability for failing to stave off what both parties acknowledged was a foolhardy way to slash $85 billion in federal spending. The still-fragile economy braced itself for the gradual but potentially grave impact of the across-the-board cuts,...

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