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$85 billion cut from US budget

President Barack Obama signed an order authorising the US government to begin cutting $85 billion (£57bn) from federal accounts. By so doing he officially enacted across-the-board reductions that he was opposed but failed to avoid.

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US braces for budget cuts deadline

President Barack Obama has described a series of budget cuts totalling $85 billion as "dumb and arbitrary".

The measures are set to come into effect at 11:59pm tonight after congressional leaders failed to reach agreement on how to tackle the deficit.

There are fears the series of automatic cuts - known as sequestration - could damage US economic growth and lead to hundreds of thousands of job losses.

ITV News Washington Correspondent Robert Moore reports:

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