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Looming defense cuts prompt GOP shift

from Politico

House Republicans leaders hope to use this spring's budget resolution to set in motion a novel deficit-reduction bill designed to substitute for the nearly $110 billion in automatic spending cuts due to take effect in January. At this stage, the goal is not to match the full $1.2 trillion in 10-year savings ordered by the Budget Control Act last summer. Instead, the primary focus is on the first round in 2013, half of which — about $54.7 billion — would come from national defense spending. more


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