President Obama on Thursday proposed doing away with the blanket budget cuts known as sequestration in his latest spending blueprint.
The automatic budget cuts went into effect in 2013 after Congress failed to reach a compromise on places to selectively pare spending. Both parties have sought to undo some of the cuts, though they've so far struggled to find common ground toward that end. Obama's budget proposal, to be unveiled Monday, would fully reverse the domestic cuts as part of his push for "middle-class economics" aimed at reducing income inequality.
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