FOXNews.com: White House outlines deep cuts that could be coming soon

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White House outlines deep cuts that could be coming soon Feb 8th 2013, 17:59 Published February 08, 2013 Associated Press President Obama's White House is trying to ratchet up pressure on Congress by putting out details of federal spending cuts it says will take place if a scheduled March 1 deadline for deep automatic, government-wide spending cuts cannot be averted. In a fact sheet, the White House cites what it calls "large and arbitrary" cuts to federal programs on education, small business, food safety, law enforcement and emergency management. It says it could mean furloughs of hundreds of FBI agents and federal prosecutors. Current law calls for $1.2 trillion of additional spending cuts over the next 10 years, including about $85 billion this year. Obama has called for a small package of cuts closing of tax loopholes to put off the cuts but Republicans have so far said no.

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