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US leaders squabble despite dire cuts warning

US President Barack Obama arrives at Joint Base Langley-Eustis on February 26, 2013 in Virginia. Obama is traveling to Virginia to speak about the economic effects of pending spending cuts. US political leaders Tuesday traded blame rather than fixing a row threatening the fragile economy. President Barack Obama traveled to a Virginia shipyard that builds nuclear-powered aircraft carriers and submarines for the US Navy, amid fears the cuts, known as the sequester, will damage America's defense readiness.