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Business/Financial

Obama Budget Cut Remark Spurs Debate, Calls For Action

Julie Samuel

Wednesday, October 24th, 2012

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Republicans and Democrats sparred yesterday over the semantics of President Barack Obama’s Monday night comment about pending Pentagon budget reductions, as an industry leader called on the two sides to immediately plan to stop the cuts. Republican lawmakers who argue Obama has not done enough to stop the so-called sequestration cuts jumped quickly on the president’s assertion--during Monday night’s presidential debate--that sequestration “will not happen.” Senate Armed Services Committee (SASC) Ranking Member Sen. John McCain (R-Ariz.) told reporters yesterday he…

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