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Sen. Thune Comments On Looming Budget Cuts



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It’s now less than 72 hours until forced budget cuts are imposed on the U.S. economy and the federal government.

The White House is conceding that efforts to avoid $85 billion in automatic budget cuts are unlikely to succeed.
 
President Obama and congressional leaders are scheduled to meet Friday after the deadline.

Republicans, like Senator John Thune, say there’s ample room for cuts to take place, without raising taxes and without requiring cuts to vital programs.

Sen. John Thune said, “The big challenge we have is that Washington spends too much. We don't have a revenue problem; we've got plenty of revenue. It's not that we tax too little, it's that we spend too much.”
 
A White House official says to expect long lines and delays at the airport, thousands of teacher layoffs, and a rise in meat prices if a compromise is not reached.
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