Page 21 - Sequestration Cuts News Today

These cuts a secret -- dont tell anybody, he says -- keep it a secret, until, of course, after the election. >> greta: but democrats argue there is no reason to alarm thousands of workers before the outcome of sequestration is known. the defense industry is caught in the middle. we have jeremy herd from the hill. who started this? was it a memo from the department of labor? >> thats correct. there is a memo issue onned on monday, saying it was inappropriate to issuing the layoffs as a result of ...

These cuts a secret -- dont tell anybody, he says -- keep it a secret, until, of course, after the election. >> greta: but democrats argue there is no reason to alarm thousands of workers before the outcome of sequestration is known. the defense industry is caught in the middle. we have jeremy herd from the hill. who started this? was it a memo from the department of labor? >> thats correct. there is a memo issue onned on monday, saying it was inappropriate to issuing the layoffs as a result of ...

layoffs. assistant labor secretary jane oates posted this notification. as we first reported, 46 days ago, the law called the warn act, requires that mass layoffs be announced to employees 60 days beforehand. were talking about mass layoffs threatening the defense industry. since tt sequester cuts take effect on january 2 snd. what that initially meant that announcement at the big defense contractors would go out november 3rd, as you can see thats three days before the presidential ele...

as we first reported, 46 days ago, the law called the warn act, requires that mass layoffs be announced to employees 60 days beforehand. were talking about mass layoffs threatening the defense industry. since tt sequester cuts take effect on january 2nd. what that initially meant that announcement at the big defense contractors would go out november 3rd, as you can see thats three days before the presidential election. obviously those are not headlines that obama wants. so enter the la...

good evening, everyone. im erin burnett. "outfront" tonight, the big scare. with just four days in the congress high tails it out of washingt washington, there was plenty of talk about the looming consequences of the looming fiscal cliff. were talking about tax cuts expiring for everyone automatically, payroll taxes going up, emergency unemployment benefits ending and, of course, the $1.2 trillion in so-called sequestration cuts. about half of that sum is going to come from defense. >>...

everyone. im erin burnette. is the president hiding up to 200 layoffs. assistant labor secretary jane oates posted this update. now, it was quietly posted to the labor departments website just yesterday. as we reported 46 days ago the law called the warn act calls for employers to announce layoffs of employees 60 days before hand. were talking about ones like the ones related to the defense industry thanks to the 2 hnt $1 trillion in sequestration cuts. since they take effect on januar...

there was plenty of talk about the dire consequences of the looming fiscal cliff. were talking about tax cuts expiring for everyone automatically, payroll taxes going up, emergency unemployment benefits ending and, of course, the $1.2 trillion in so-called sequestration cuts. about half of that sum is going to come from defense. >> the obligation of the commander in chief is to act like the commander in chief, and that wld be to prevent these cuts, which in the words of his own secreta...

with four days before congress high-tails it out of washington, there was plenty of talk about the dire consequences of the looming fiscal cliff. were talking about tax cuts expiring for everyone automatically, payroll taxes going up, emergency unemployment benefits ending and, of course, the $1.2 trillion in so-called sequestration cuts. about half of that sum is going to come from defense. >> the obligation of the commander in chief is to act like the commander in chief, and that wou...

This year and now another $500 billion over the next ten years. if washington doesnt reach a deal on federal spending. how confident are you that the two sides will get anything done in the election year before the sequestration cuts kick in not only for defense but domestic spending as well? >> im very concerned. there has already been a $487 billion reduction in the defense budget and now another half trillion dollars is being proposed. i believe this is second the wrong message to enemies ove...

playing chicken with the fiscal cliff. today the senate appeared to take action on extending the bush era tax cuts. appeared being the key word. senate majority leader announced he would not philly buster. he allowed a straight up or down majority wins vote. the republican plan, extend the tax cuts for everyone, and president obamas plan extend it for 98% of americans. thats households making 250,000 a year. why would the senator do such a thing? >> the only way to force people to take...