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August 26, 2013


Obama Advisers Divided Over Fiscal Showdown

"Facing a sixth fiscal showdown with congressional Republicans, President Obama's economic and political advisers are divided over how far to push in pursuit of a deal on the budget and the nation's debt limit, according to two people familiar with the discussions," Bloomberg reports.

"The debate centers on how comprehensive an agreement the White House should seek to end the automatic, across-the-board spending cuts known as sequestration, which is set to slash $109 billion from projected defense and domestic discretionary spending in 2014."

"The economic team is pushing to explore a deal that replaces sequestration with targeted cuts and spending increases, according to the people. The political aides argue that the bigger the agreement the more likely it is to collapse."














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