Top US Senate Republican: Automatic budget cuts to happen

WASHINGTON - The US Senate's top Republican predicted on Tuesday that automatic spending cuts will take effect on March 1 as scheduled.
Senate Minority Leader Mitch McConnell said he did not expect some last-minute deal to materialize that would avert the cuts, known in budget jargon as a "sequester."
"Read my lips: I'm not interested in an 11th-hour negotiation," McConnell told reporters.