Posted at: 02/27/2013 7:16 AM
No Signs of Budget Deal at Nation's Capitol
WASHINGTON (AP) - There are no signs that President Barack Obama and congressional Republicans are close to a budget deal just two days before $85 billion in cuts are set to hit federal programs.
Mark Zandi, chief economist at Moody's Analytics, says the cuts to start Friday are "haphazard," and affect "good programs and bad."
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