The Sequester

6:59am

Mon February 25, 2013
The Two-Way

Today's Three Stories To Read About 'The Sequester'

Originally published on Mon February 25, 2013 8:55 am

Barring a last-minute deal that at the moment seems unlikely, months of brinkmanship are set to culminate on Friday.

The sequester — $85 billion worth of across-the-board cuts in federal spending — will begin to kick in, with potentially serious economic consequences, including federal furloughs and the slashing of programs.

Here are three stories we've plucked from the ether that should give a good picture of what's going on as we approach sequester D-Day:

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3:38am

Mon February 25, 2013
Business

Economists Predict 2 Percent Growth In 2013

Originally published on Mon February 25, 2013 7:11 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a new economic forecast.

(SOUNDBITE OF MUSIC)

INSKEEP: The latest survey of economic forecasters by the National Association of Business Economics predicts 2 percent growth this year. That is down from last year's 2.2 percent. The current budget battle in Congress is partly blamed for slowing the economy now.

The survey goes on to say that next year could be better if budget issues are resolved by then. Transcript provided by NPR, Copyright NPR.

9:40am

Sun February 24, 2013
It's All Politics

As Deep Cuts Loom, Continued Appeals For A Deal, Finger-Pointing

Originally published on Mon February 25, 2013 8:01 am

With less than a week before the across-the-board-spending cuts go into effect, Republicans and Democrats are sounding off about the sequestration.

"There's easy ways [sic] to cut this money that the American people will never feel," Rep. Tom Coburn, R-Okla., said on Fox News Sunday. "What you hear is an outrage because nobody wants to cut spending ... and it will be somewhat painful, but not cutting spending is going to be disastrous for our country."

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4:43am

Sun February 24, 2013
Analysis

Virginia Governor Urges President To Avoid Sequester

Originally published on Sun February 24, 2013 5:03 am

Transcript

RACHEL MARTIN, HOST:

This is WEEKEND EDITION from NPR News. I'm Rachel Martin.

Yet another federal budget crisis is on the horizon. This Friday, March 1st, is the day that massive, across-the-board federal spending cuts will take effect unless Congress agrees on a new budget deal. Some analysts say the cuts, also known as the sequester, could drag the economy back into recession.

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2:51pm

Sat February 23, 2013
NPR Story

Week In News: Sequestration Looms

Originally published on Sat February 23, 2013 4:40 pm

Transcript

JACKI LYDEN, HOST:

It's WEEKENDS on ALL THINGS CONSIDERED from NPR News. I'm Jacki Lyden.

Later in the show, a haunting and sometimes menacing Dutch novel, a talk with former Smiths' guitarist Johnny Marr and backstage at the Oscars. But first, we're back to the sequester debate.

PRESIDENT BARACK OBAMA: Instead of compromising, instead of asking anything of the wealthiest Americans, they'd rather let these cuts fall squarely on the middle class.

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