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Article updated: 2/27/2013 10:36 AM

Obama, top lawmakers to meet Friday on budget cuts

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The Capitol plaza is seen as automatic spending cuts are set to take effect on March 1.

associated press

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President Barack Obama will meet Friday with the top leaders in the House and Senate to discuss what to do about automatic cuts to the federal budget. The meeting, revealed Tuesday by White House and congressional aides, is set to take place hours after the $85 billion in across-the-board cuts will have officially kicked in.