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The White House released a report last week detailing the possible effects of sequestration including how it would affect New Mexico.
President Barack Obama will meet Friday with the top leaders in the House and Senate to discuss what to do about automatic cuts to the federal budget, White House and congressional leaders said.
The meeting is set to take place hours after the $85 billion in across-the-board cuts will have officially kicked in. This suggests both sides are operating under the assumption a deal won’t be reached to avert the cuts ahead of the March 1 deadline.
The top congressional Republicans, House Speaker John Boehner and Senate Minority Leader Mitch McConnell, and the top Democrats, Senate Majority Leader Harry Reid and House Minority Leader Nancy Pelosi, will attend the White House meeting.
McConnell said the meeting will focus on ways to reduce government spending, but indicated he’s not backing down on his opposition to any new tax increases.
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