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$85 billion

The new amount of automatic federal spending cuts -- as a result of the fiscal cliff deal -- that will occur in March, down from the $109 billion in cuts that was set to take effect in January.

The new amount of automatic federal spending cuts -- as a result of the fiscal cliff deal -- that will occur in March, down from the $109 billion in cuts that was set to take effect in January.

Caroline Cournoyer is GOVERNING's senior web editor.
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