February 19, 2013 It's widely accepted that indiscriminate spending cuts in defense and domestic programs due to start March 1 are likely to occur owing to the failure of President Obama and the Republican-led House to reach an agreement. But where voters will place most of the blame is still an open question.
February 19, 2013 Federal programs, including many that provide health care, could soon be hit with deep cuts to their budgets. Agencies won't close, but services ranging from food inspections to vaccinations could be cut back. And the health care industry warns that half a million jobs could be lost within a year.
February 19, 2013 While the president again charged that Republicans aren't willing to close tax loopholes for the rich, Republicans repeated that they think Obama just "wants to spend more." Automatic cuts are set to start March 1.
February 17, 2013 White House Chief of Staff Denis McDonough said the cuts would offset "pretty good" economic activity over the past few months. GOP Rep. Paul Ryan was pessimistic about a deal, while Democratic Sen. Charles Schumer said the two sides would come together for an agreement.
February 5, 2013 A March 1 deadline looms. That's when deep, automatic federal spending cuts are set to kick in. The president is asking for a small package that the White House says would give Congress more time to reach a permanent solution to budget problems.
January 30, 2013 Federal spending cuts may have hurt the U.S. economy's fourth-quarter growth. But don't count on that changing the dynamics of the current debate over the sequester, the ax poised to start hacking $1.2 trillion from federal spending if Congress fails to stop it by the March 1 deadline.