Agence France-PresseFebruary 28, 2013 16:00
Leaders of a divided Congress acknowledged their failure to avert across-the-board spending cuts set to begin Friday, with lawmakers and the White House trading blame for the doomsday scenario that may lie ahead.
The only related actions of substance Thursday appeared to be votes on competing Senate bills, one sponsored by Democrats and the other by Republicans, to replace the indiscriminate budget austerity, which both sides wanted to avoid when it was baked into law in 2011, with targeted spending cuts and revenues.
Follow us: