Reuters: Politics: White House says January 2 spending cuts "deeply destructive"

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White House says January 2 spending cuts "deeply destructive" Sep 14th 2012, 18:05 WASHINGTON | Fri Sep 14, 2012 2:05pm EDT WASHINGTON (Reuters) - The implementation of about $109 billion in across-the-board spending cuts on January 2 would be "deeply destructive" to the United States, the Obama administration said on Friday, adding that it was ready to work with Congress on a replacement plan. The spending cuts, aimed to lower U.S. budget deficits, would result in a 9.4 percent cut in defense programs and an 8.2 percent reduction in an array of domestic government activities, the White House budget office said. Neither Democrats nor Republicans back the across-the-board cuts that were included in an August, 2011, budget and debt limit deal but they have been unable to agree on a substitute.

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