President Barack Obama speaks to reporters in the White House briefing room in Washington on Friday, March 1, 2013, following his meeting with congressional leaders regarding the automatic spending cuts. (AP Photo/Pablo Martinez Monsivais)

President Barack Obama speaks to reporters in the White House briefing room in Washington on Friday, March 1, 2013, following his meeting with congressional leaders regarding the automatic spending cuts. (AP Photo/Pablo Martinez Monsivais)

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