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US budget cuts can be avoided: Obama

US President Barack Obama speaks following a bilateral meeting with Japan's new conservative Prime Minister Shinzo Abe in the Oval Office at the White House in Washington on February 22, 2013. Obama insisted Friday that mandatory government budget cuts sePresident Barack Obama insisted Friday that mandatory government budget cuts set to kick in on March 1 -- known as the sequester -- were not "inevitable." The cuts to defense and domestic spending were mandated in an agreement between Obama and his Republican foes to end a previous budget battle.