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The Company Memo: Friday, February 22, 2013

The clock is ticking for President Obama, who has just a week left to persuade Congress to act before automatic cuts known as the sequester take effect.
President Barack Obama pauses as he speaks in the South Court Auditorium of the Eisenhower Executive Office building on the White House complex in Washington, Tuesday, Feb. 19, 2013, to urge Congress to come up with an alternative plan to avert...
President Barack Obama pauses as he speaks in the South Court Auditorium of the Eisenhower Executive Office building on the White House complex in Washington...

The clock is ticking for President Obama, who has just a week left to persuade Congress to act before automatic cuts known as the sequester take effect. We'll discuss with DNC Chair and Florida Rep. Debbie Wasserman Schultz, USA Today's Susan Page and U.S. News & World Reports' Lauren Fox.

Time magazine's cover story is on Why Medical Bills Are Killing Us. You can read it here, and check out our discussion on the topic with Time's Jeffrey Kluger on Friday's show.

With Congress off for the week, Sen. Chuck Hagel's nomination to lead the Defense Department has been hanging in the wind--and now 15 Republican senators have asked President Obama to withdraw the nomination. We'll talk with strategists Jamie Harrison and Chip Saltsman.

Plus, Rep. Tom Cole weighs in on sequestration and the struggle to address the nation's debt.