President Obama urged the Congress on Saturday to assist him in curtailing the present financial crisis wherein spending cuts across the board comes into effect. The impact of Obama and Republican’s failure is going to be felt on the proposals set out by Obama for immigration reform, stricter gun laws and higher minimum wages.
Though the economic impact of the spending cuts is yet to be felt, political repercussions for both Obama government and Republicans could be seen bothering them both.
Source: Reuters, NY Daily News
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