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Top U.S. Senate Republican: automatic budget cuts to happen

* McConnell wants no replay of "fiscal cliff"-style talks * Senate Budget chair wants phased-in approach to aid economy By David Lawder WASHINGTON, Feb 12 (Reuters) - The U.S. Senate's top Republican predicted on Tuesday that automatic spending cuts will take effect on March 1 as scheduled. Senate Minority Leader Mitch McConnell said he did not expect some last-minute deal to materialize that would avert the cuts, known in budget jargon as a "sequester."
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