Bitter Sequester News Today

Youre going to see here, versus what had been planned without sequester. the blue line, up on top. federal spending, senator, still going up and really the sequester almost looks like a drop in a bucket. i hate to say that about $85 billion but that is how it looks? >> that is what happens with all the chicken little talk suggesting that the sky is falling. it represents a 2.4% cut in what has been a 19% increase in federal spending just since president obama has been president. now, all of us c...

Ceiling deal, where he got a tax rate increase of $600 billion. and while he tried to get another deal that increased taxes by essentially closing loopholes and deductions, that didnt happen. the next battle, if its not the continuing resolution battle, would be a debt ceiling battle, that follows that one. we always have another spot on the calendar here in washington, another fiscal cliff, another month away. jon: are republicans feeling emboldened because of what happened with the sequester? ...

Administration over shot in trying to talk about the sequester and the impacts, and that they would happen in this bold way. and then to hear the president in the final days of last week to have to walk that back and say, no, its not going to be a cliff, its going to be a tumble, its going to take weeks if not months to feel the impact. so some republicans feel that they did have a win, and that the administration took a credibility hit, especially toward the end of last week, but there is a lot...

And the net increase is more than the sequester cut, and i can do this with a lot of boards and chalkboard better than i can talking about it, but if you have an increase in the money, minus the 85 billion tkpwhrar dollars that was supposedly cut from the across the board sequester there will be a lot of republicans, especially in the house who are very upset. jon: thinking about it, i mean the sequester numbers $85 billion that is less than one tenth of the stimulus program passed four years ag...

President obamas credibility saying in part, the president is in the awkward place of rooting for it to be felt as he and his administration predicted. at stake is the presidents credibility. in the latest round of the seemingly endless budget wars which seem poised to dominate his second term. lets talk about it now with bob cusack, managing editor for "the hill." do you see it that same way, bob? this president does not seem inclined to compromise with congress it comes to their desire for spe...

Jon: for weeks weve been hearing about the potential fallout from $85 billion in spending cuts including furloughs and layoffs, even longer lines at airports. what about the political risks though to president obama? coming up well talk about why this bitter sequester fight could make or make the presidents second term. plus new warnings of a massive cyberattack in the works targeting many of our banks, all at once. what you can do to protect your money im a conservative investor.

Jenna:. jenna: brand new stories and breaking news. jon: national security concerns and the sequester as we get new numbers how many i am legals were freed because of the federal budget cuts plus how theyre affecting you. a new cyber threat. hackers targeting folks that use online banking. what americas financial institutions are doing to try to keep your money safe. plus a new monster snowstorm is shaping up. this one could be the worst of the season of the well tell you about it "happening...

It remains to be seen what kind of effect the sequester will have but this could hurt obamas standing because they made that case that this was going to be very difficult. well feel the effects. on friday they had to backtrack and president saying this will not be the apocalypse. jon: so he has lost credibility? >> i think on the sequester fight he stumble ad bit. the administration got into a needless fight over bob woodward over the sequester. that was a distraction. they had to backtrack on t...

Fiscal crisis to fiscal crisis right now. i cant remember, you know, a time in this nations history when it has been from the fiscal cliff to the sequester and, another debt ceiling fight. it just seems to have happen every couple months now. >> absolutely and we have one this month, march 27th. well have to decide what level the government should be funded at. if there is no agreement, then the government would shut down. both the president and republican leaders say they dont want that i think...

Team and as new people are named to head federal agencies that have played controversial roles in this administration were also getting a clearer picture of what budget cuts could mean for the american people as the political fallout from the sequester continues. senior white house foreign affairs correspondent wendell goler is live at the executive mansion. tough time to be nominated budget director, huh, wendell? >> reporter: is in fact, jon. you start under orders to cut a the budget deficit ...