White House retreats from doomsday spending cuts predictions, but keeps blame on Republicans

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The White House is retreating from its doomsday predictions about the impact of the $85 billion in federal spending cuts as they enter a second week — with Republican leaders appearing at least satisfied about delivering on their promise to limit government spending and hold down taxes.

Gene Sperling, the White House’s top economic adviser, repeatedly said Sunday the cuts will not hurt as much on “Day One” as they will over the long haul.

“Nobody ever suggested that this … was going to have all its impact in the first few days,” he told “NBC’s “Meet the Press.” “It is a slow grind.”

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