President Barack Obama speaks at Newport News Shipbuilding in Newport News, Virginia
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Sequester: No deal in sight on automatic US budget cuts

The US Congress has adjourned for the weekend without reaching a deal to avert steep automatic budget cuts.

The cuts, worth $85bn (£56bn), are due to take effect on Friday. Democrats and Republicans are blaming each other for the deadlock.

President Barack Obama will meet congressional leaders for talks on Friday, with no deal in sight.

Michelle Fleury reports.

  • 01 Mar 2013