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Obama: Congress Should Pass Smaller Package to Avoid Automatic Cuts

Tuesday, 5 Feb 2013 | 1:17 PM ET

President Obama asks for a short-term budget to put off automatic cuts. "The threat of massive cuts are already affecting business decisions," he says and, "if Congress cannot act on a bigger package by the time the sequester goes into effect, then they should at least pass a smaller package to avoid automatic cuts."