Not much urgency to avoid automatic spending cuts
WASHINGTON (AP) — Ten days before a new deadline for broad, automatic government spending cuts, the sense of urgency that surrounded other recent fiscal crises is absent. Government agencies are preparing to absorb an $85 billion hit to their budgets, and politicians, at least for now, seem willing to accept the consequences.
President Barack Obama, back from a Florida golfing weekend, warned Tuesday that "people will lose their jobs" if Congress doesn't act. But lawmakers weren't in session to hear his appeal, and they aren't coming back to work until next week.
Still dividing the two sides are sharp differences over whether tax increases, which Obama wants and Republicans oppose, should be part of a budget deal.
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