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President Obama speaks on the Impact of Sequestration in Virginia

President Barack Obama delivers remarks on the impact of sequestration at Newport News Shipbuilding Submarine Module Outfitting Facility, in Newport News, Virginia on February 26, 2013. If Congress fails to act by March 1 a set of automatic across-the-board spending cuts, to almost all government agencies, totaling $1.2 trillion over the next 10 years, will go into action. UPI/Kevin Dietsch

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