The long-feared automatic spending cuts are set to start late Friday, and now Congress must deal with another deadline at the end of this month. Tamara Keith talks to Melissa Block about what happens next.
Congress failed to reach an agreement on the spending cuts known as the sequester — and now they are out of time. On Friday morning, Congressional leaders from both parties met at the White House. Afterward, House Speaker John Boehner made it clear that Republicans won't budge on taxes.
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