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Deadline to avoid $85 billion in spending cuts looms
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Doug McKelway reports from Washington, D.C.
- Duration 3:42
- Date Feb 25, 2013
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Doug McKelway reports from Washington, D.C.
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Morning everybody brand new we hear that clock is running in Washington we are four days in the deadline.
-- billions in budget cuts start moving into effect for Medicare and the military.
Total of about one point two trillion over the next ten years and some are threatening that.
Thousands could lose their jobs.
That scenario though working at a deal increasingly unlikely especially when you consider congress -- -- -- Session on schedule come Friday the end the week so on this Monday good morning -- And it you -- show up by the company F that's good wind out of Miami and I am I can account so the president is putting increasing pressure on congress today.
Addressing a meeting of the national governor's associates and.
It's like -- that god dire warnings that we hear about economic disaster for the White House not everyone is convinced that these cuts are a bad thing for the country.
-- -- Family is on the hook for unfunded liabilities include in excess of three quarters of a million dollars per family.
And what this what sequestration.
Is it's a terrible way to cut spending I don't disagree without.
But could not cut two and a half percent out of the total budget over year when it's twice the size it was ten years ago.
Give me a break Doug -- always -- coverage at a Washington good morning god -- what's the likelihood now this sequester kicks in Friday.
Well bill seems to be a growing consensus that the sequester will indeed happen and that 85 billion dollars in spending cuts will take -- come Friday.
But the larger question now seems to -- how much damage will those cuts costs listen to this brief exchange on FOX News Sunday.
It will kick again but at a -- -- rate the so you're not gonna see 85 billion dollars all the sudden shrink.
From the federal government but we're gonna get to that in a second senator McCaskill you a -- -- it's gonna happen.
Well and less.
The Republicans.
Are willing to compromise.
And and -- a balanced approach.
I think it will kick in I I'm a little confused about the Republican position at this point it appears that speaker Boehner doesn't have.
Any kind of bill that he can even put on the floor of the house.
That could pass within his caucus I think there is a little bit of a civil war -- broken out among the Republican rank.
And when the Sunday talk shows and to the White House release hundreds of pages of documents that it said.
Would calculate the state by state damaged the sequester will cost John -- home state of Ohio would.
Secrets close to 25 point one million in education cuts 22 million cut.
From programs for disabled students.
Mitch McConnell home state of Kentucky would lose 93000 dollars or domestic abuse programs.
Cuts in the Republican stronghold of Georgia would -- 404200.
Children would no longer be vaccinated against whooping cough and measles.
In response of the White House and to that White House document dump.
Speaker Boehner spokesman Michael Steele said quote the White House needs to spend less time explaining to the press how bad the -- will be.
And more time.
Actually working to stop it we're about to find out eventually whether this is true or not now that the so called divide the Republican Party that senator maccast would -- Is there regularly proof of that done yet Republicans have been divided in their opinions over how much damage the Questar will cost you heard senator Coburn in the intro or talk about how this is only 2.5 percent of the federal budget a budget that is doubled in only ten years.
And while polls show Republicans may take the brunt of the blame for the sequester Republicans point out as Bob Woodward did an editorial over the weekend that the entire idea.
Was the president's.
No more on that moments away -- government cannot -- leave your coverage in Washington.