Sequester Deadline Looms Ever Closer

By: CBS
By: CBS

There are three days left until 85 billion dollars in budget cuts kick in.

President Obama will hit the road today for a campaign style rally in Newport News, Virginia.

He's hoping the public will push Congress to reach a deal.

Back on Capitol Hill, Republicans say the President should be negotiating instead of holding rallies.

Some economists predict the cuts will shave half a percentage point off of economic growth this year and add a quarter point to the unemployment rate.


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