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Obama slams GOP for ‘dumb’ spending cuts

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Slim hopes for a last-minute deal to avert spending cuts that kicked in Friday were dashed with an unproductive meeting between President Obama and congressional leaders at the White House. After hosting House Speaker John Boehner, Senate Majority Leader Harry Reid, Senate Minority Leader Mitch McConnell and House Minority Leader Nancy Pelosi for nearly an hour, Obama declared the inevitable...

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