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CIA Director David Petraeus announced his resignation Friday, admitting to an extramarital affair, which Fox News has learned was with his biographer, Paula Broadwell, and was revealed over the course of an FBI investigation.
…OR NOT: Congressional Budget Office warns automatic cuts, tax hikes could send already-anemic economy into reverse unless lame-duck Congress — or in the long-term, it could drastically reduce the nation’s deficit. President Obama will address the looming fiscal crisis in a statement later today: WATCH LIVE on Fox News and FoxNews.com at 1 p.m. ET.