President Says Spending Cuts Hurting US Economy

U.S. President Barack Obama says the government spending cuts that took effect in March are hurting the American economy.
“It’s slowed our growth,” Obama said at a White House news conference Tuesday. “It’s thrown people out of work.”
The spending cuts came as Obama and Republican opponents in Congress failed to agree on plans for taxes and spending. The impasse meant automatic cuts for government programs and furloughs of some government workers. …

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