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Transcripts For KQED Nightly Business Report 20130302

And maybe that will start to resonate out there with the American Public and maybe then well be able to move forward with some sort of more reasonable fiscal path to the future. Reporter by easter, hoagland expects the sequester pain will probably be bad enough to force some sort of compromise, if not how bad is it going to be . What im hearing from a lot of people is the feeling this whole sequester thing is way overblown, is it . Okay, play the washington number game with me for a minute. You heard the 2 number. Oh, its only 2 of federal spending over the next 10 years. Its no big deal. But theres another washington number which is because of the way the sequester is structured, its 10 to 13 in some programs this year. And thats going to cause some pain. Susie all right, well, talk us through this a little bit. I mean, you have said that the automatic spending cuts are going to be gradual. They officially kick in at midnight tonight. So talk us through what happens after midnight. Re

Transcripts For KQED This Week In Northern California 20130302

Apocalypse to a slope, and i think the administration would just assume see it being a body slope. Some specific numbers have been tossed out already. And you kind of touched on this. 1,200 teaching jobs at risk. 8,200 children will lose headstart. Some of the cuts are taking effect immediately, but really, when will we feel the full brunt . Because furloughs probably wont happen for another month. Im not sure anybody really knows when were going to feel the full effect. Because everybodys still in the planning stage. So for example, when i called Oakland Airport and sfo, they had no idea what they were going to do. Theyre waiting for the Transportation Security Administration and the faa to basically tell them. So the faa is walking through its plans now. All they know is that Something Like 40,000 faa workers are going to be furloughed for a day or two at a time. How this plays out at local airports, just, we just dont know. The airports dont know yet. They dont know. Andrew, are we

Transcripts For KQED Nightly Business Report 20130302

And maybe that will start to resonate out there with the American Public and maybe then well be able to move forward with some sort of more reasonable fiscal path to the future. Reporter by easter, hoagland expects the sequester pain will probably be bad enough to force some sort of compromise, if not how bad is it going to be . What im hearing from a lot of people is the feeling this whole sequester thing is way overblown, is it . Okay, play the washington number game with me for a minute. You heard the 2 number. Oh, its only 2 of federal spending over the next 10 years. Its no big deal. But theres another washington number which is because of the way the sequester is structured, its 10 to 13 in some programs this year. And thats going to cause some pain. Susie all right, well, talk us through this a little bit. I mean, you have said that the automatic spending cuts are going to be gradual. They officially kick in at midnight tonight. So talk us through what happens after midnight. Re

Transcripts For KQED This Week In Northern California 20130302

Apocalypse to a slope, and i think the administration would just assume see it being a body slope. Some specific numbers have been tossed out already. And you kind of touched on this. 1,200 teaching jobs at risk. 8,200 children will lose headstart. Some of the cuts are taking effect immediately, but really, when will we feel the full brunt . Because furloughs probably wont happen for another month. Im not sure anybody really knows when were going to feel the full effect. Because everybodys still in the planning stage. So for example, when i called Oakland Airport and sfo, they had no idea what they were going to do. Theyre waiting for the Transportation Security Administration and the faa to basically tell them. So the faa is walking through its plans now. All they know is that Something Like 40,000 faa workers are going to be furloughed for a day or two at a time. How this plays out at local airports, just, we just dont know. The airports dont know yet. They dont know. Andrew, are we

Transcripts For KQEH This Week In Northern California 20130302

Good evening, and welcome to this week in Northern California. Im thuy vu. We have much to discuss on the national and local fronts. Joining me on the news panel are carolyn said, San Francisco chronicle reporter. Jolie odell, venturebeat reporter. And andrew ross, San Francisco chronicle columnist. Earlier this evening president obama signed an order triggering automatic cuts in federal spending. This is because congress and the president failed to reach a deficit reduction deal. Andrew, lets begin with you. How is california affected specifically . Of all the states, california is affected in dollar terms the most. Something like 3 billion to 4 billion this year out of total, at least, of an 85 billion firstyear cut. The military is taking the biggest cut. California has a Major Military presence. Mostly in southern california, but also, of course, in Northern California around sacramento, and around monterey. Thats going to be hit really hard, too. 87 million worth at least of educa

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