Federal budget cuts loom as automatic reductions begin
Washington faces across the board cuts totaling about 85 billion dollars. White House and Congress expect pay reductions and furloughs across non exempt agencies. President Obama and former presidents pensions are exempt, but most White House accounts and Senate staff budgets face substantial trims.
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Senate approves Hagel confirmation after filibuster ends
The Senate voted 71 to 27 to end the Republican filibuster and move forward with the confirmation of Chuck Hagel as defense secretary. If confirmed, Hagel would replace Leon Panetta and join a retooled national security team including John Kerry and John Brennan. Economic figures on house salaries and cuts are noted but dates and implementation vary by congressional office.
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