Budget

4:12am

Fri February 15, 2013
Politics

Effects Of Automatic Spending Cuts Become Clearer

Originally published on Fri February 15, 2013 6:39 am

Transcript

RENEE MONTAGNE, HOST:

This is MORNING EDITION from NPR News. I'm Renee Montagne.

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer.

As we've been hearing, clock is ticking on the sequester. That is the Washington term for the across-the-board cuts that will take effect March 1, unless Congress acts to put them off.

The impact the $85 billion reduction in government programs could have became a bit clearer yesterday, as NPR's Brian Naylor reports.

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4:12am

Fri February 15, 2013
Politics

Automatic Budget Cuts Near As Democrats, GOP Stand Firm

Originally published on Fri February 15, 2013 6:39 am

Transcript

LINDA WERTHEIMER, HOST:

It's MORNING EDITION from NPR News. I'm Linda Wertheimer.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

With Congress headed for a recess, prospects are dimming for a deal to keep the nation from falling off the next fiscal cliff - sequestration. That's the term for automatic spending cuts that go into effect March 1.

NPR's Mara Liasson explains how the White House and Congress got to this impasse and why it's so hard to get past it.

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3:40pm

Thu February 14, 2013
It's All Politics

As Spending Cuts Loom, Alarm Bells Begin To Sound

Originally published on Thu February 14, 2013 4:27 pm

Joint Chiefs of Staff Chairman Martin Dempsey (from left), Deputy Secretary of Defense Ashton Carter and Undersecretary of Defense and Comptroller Robert Hale wait for a hearing of the Senate Armed Services Committee on Tuesday. Military leaders are warning Congress about the effects of the sequester.
Brendan Smialowski AFP/Getty Images

Senate Democrats offered an alternative Thursday to the sequester, the automatic, across-the-board spending cuts set to hit March 1.

Despite dire warnings in congressional hearings this week, many on Capitol Hill seem resigned to the sequester.

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10:23am

Tue February 5, 2013
Politics

VIDEO & TRANSCRIPT: President Obama Speaks On Spending Cuts, Deficit Reduction

Screencap of the President speaking from the White House briefing room on his proposals for the nation's finances
White House YouTube.com

9:45am

Tue February 5, 2013
The Two-Way

Obama Calls For Small Package Of Cuts, Tax Changes To Head Off 'Sequester'

Originally published on Wed February 6, 2013 5:02 am

President Obama at the White House on Tuesday.
Kevin Lamarque Reuters /Landov

(We updated the top of this post at 1:30 p.m. ET.)

Looking to head off deep, automatic spending cuts set to kick in on March 1, President Obama on Tuesday afternoon said that to avoid the negative economic effects that come with "political disfunction," Congress should move quickly to pass "a smaller package of spending cuts and tax reforms" that won't hurt the economy.

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