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President Obama: Automatic Budget Cuts Will Hurt Economy, Slow Recovery, and Put People Out of Work

Just 10 days from now, Congress might allow a series of severe and automatic budget cuts to take place that will hurt our economic growth, add hundreds of thousands of Americans to the unemployment rolls, and threaten military readiness.

But, as President Obama said this morning, these cuts don’t have to happen -- Congress has the power to stop them.

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