Also in this playlist...
This transcript is automatically generated
Ed thank you defense industry workers who went to bed.
Right after the debate resting a little easier perhaps because of president Obama's promise of no sequestration.
Got a rude awakening this morning correspondent Doug when Callaway tells us that's not exactly what the president -- apparently.
In last night's debate confusion over sequestration.
-- one trillion dollar across the board cuts to defense and government spending.
It will take effect on January 2 it happened with the president -- yes.
First of all this question is not something that I propose up in the congress has proposed it won't let happen.
Moments later senior campaign advisor David club walked the comment back telling reporters quote sequestration should not happen.
The -- -- not so subtle acknowledgment that the threat of sequestration.
Remains a bargaining chip the White House may use to leverage house Republicans in the distasteful tax increases in the lame duck session.
And at places like Prince William county Virginia where one out of four adults works in a defense -- government related jobs threatened by sequestration.
Defense contractor William -- and fears its impact.
That's the biggest problem with the whole thing is the uncertainty not knowing what's ahead what's gonna happen to both.
Business programs and then it cuts come.
Then you know that's going to be longer term to.
Because the prevalence of reliable government jobs here Northern Virginia has largely been cushioned from the effects of the recession.
But -- sequestration happens that will change or the Northern Virginia and receives about 75%.
Of the federal funds that are.
Coming into Virginia that are subject to sequestration.
Economists Fuller says Virginia could lose more than 200000 jobs.
It's one of the reasons that both political parties two weeks away now from a pivotal election.
Are distancing themselves from these painful potential cuts that they agreed to in the -- of 2011.
So toxic is the threat of sequestration.
That the White House recently told defense contractors not to alert employees of potential layoffs ahead.
That's in direct contradiction to the so called warn act which requires such notification.
It's akin to being -- -- in a car and and policy you find -- playing chicken and you've got your whole company in there and they're saying do you if -- over the cliff.
Will help you out provided you don't tell the folks in that door in the car with us.
Senate Republicans Lindsey Graham and John McCain sent a letter to the White House warning that they will block any effort by the administration.
To reimburse contractors who fail to provide required warn act notifications.
The warn act as the law of the land sequestration is law of the land no matter how much you may not like the law.
You have to follow the law in America.
The president's claim last night that he did not propose sequestration.
That congress did as being challenged today by none other than legendary reporter Bob Woodward who wrote about it -- book the price of power.
Today Woodward told the Politico quote.
What the president said he is not -- he's mistaken and it's refuted by the people who work for him and quote.
Woodward says that white house budget director Jack -- made the proposal along with another White House say.
-- presented it to senate majority leader Harry Reid -- then presented it to congressional Republicans.
That's another path down to the end of the year Doug thank you so what do you think about all these looming defense cuts let me know on Twitter you can follow me -- -- there.
Filter by section