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Obama: Sequestration ‘is not going to be an apocalypse’

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President Obama acknowledged that the spending cuts in sequestration will not be “an apocalypse,” walking back to some degree some of the scaremongering his team has indulged in recent days. “This is not going to be an apocalypse, as some have said,” Obama told reporters, minutes after saying that “not everyone will feel the pain of these cuts right away. The pain though will be real.” Obama’s...

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