Few observers expect a breakthrough today
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President Obama is reportedly meeting with congressional leaders today to make a deal by midnight to avoid automatic budget cuts. Bloomberg has the story:
President Barack Obama met with congressional leaders as no one predicted a breakthrough to avert $85 billion in federal spending cuts set to start before midnight.
“The president got his tax hikes on Jan. 1,” Boehner said in asserting that House Republicans won’t support a plan with new tax revenue.