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European-Style Austerity

(Source: AP)

Austerity Arrives With Sequestration

Sequestration day has arrived in Washington, D.C. and by 11:59 Friday night, the White House will be forced to order across-the-board, indiscriminate budget cuts in European-style austerity that could plunge the United States back into recession.

CBS Miami–03/01/2013

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