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Obama: Spending cuts "dumb" but won't cause "apocalypse" (1:32)
Mar. 1 - President Barack Obama heaped blame on Republicans on Friday for the failure to break a deadlock in efforts to avert looming automatic spending cuts and warned that a ''ripple effect'' would start hurting the middle class and the overall U.S. economy. Deborah Lutterbeck reports. ( Transcript )
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