U.S. President Barack Obama delivering the State of The Union Address during a joint session of Congress on Capitol Hill in Washington., Feb 12, 2013. PHOTO/Charles Dharapak/AP
President Barack Obama on Monday said looming automatic spending cuts are already affecting the economy, while a top administration official warned that the nation's borders would be less secure if billions of dollars are yanked from the budget Friday.
"The uncertainty is already having an effect," Obama said.
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