Adriana diaz. Axelrod now to washington and the budget battle. At were now six days from the deadline for congress and the b white house to reach a deal across the board cuts that would total 85 billion and be divided equally between defense andssiona domestic programs. The Congressional Budget Office estimates the cuts would put 750,000 people out of work. Wyatt andrews now with thes now with latest on the democrats and republicans, both dug in and showing little sign of movement. Repor reporter in one of the most detail detailed warnings on sequestration, the f. A. A. , the federal aviation administration, says starting in april, air travelers should get ready for delays. If budget cuts go into effect, 47,000 workers, including air traffic controllers, will be furloughed one day every two weeks, and 100 air traffic a towers would close at smallcity airports. The reductions could mean longer lines, fewer flights, and fewerflights, customers. For joe mellace, who owns a deli for across from caldwell airport in essex county, new jersey. Rt i do get a lot of business here, and taking this thing away, i just feel like this land l would just be wasted. Wo reporter furloughs are alsooming coming for 800,000 civilian employees of the defense department. Across the country, towns withry bases military bases are bracing for the loss of thousands of jobs, and the tens of millions of dollars those jobs bring to the local economy. Econom ive also been very clear that theres an alternative. Alt reporter the president is using the potential loss of jobsobs to push Congressional Republicans into a deal, a deal a dea that would lower the deficit by def closing tax loopholes on higheroophole income americans. Are they seriously prepared to inflict more pain on the the middle class because they refuse to ask anything more of those at anythin the very top . Reporter but republicans say no deal on the sequester until the president proposes more spending cuts. So the question is why wontuest he work with us . And the answer, quite simply, isim because he wants higher taxes. Reporter what both sides wa want is to blame sequestration seque on each other, and now, there is no apparent Movement Toward compromise. The president has asked to speakked to to Congressional Republicans but, jim, no serious talks or negotiations have been scheduled. Axelrod thank you, wyatt. As the budget cuts draw closers draw consider this the federal government does 500 billion worth of business with privatete contractors, including as many as 120,000 small businesses. Thats everyone from the makers of of nearly a million pairs of combat boots each year to the roughly 700 companies in 440 compa states that make part for the both c17 military transport plane. With mor with more on the possible impact, were joined by Jill Schlesinger, editoratlarge for cbs money watch. These are blunt cuts at a delicate time in the economic recovery. Delicate that could be a problematic combination, i would imagine. Reporter it sure can. T sure we are looking at these cuts t causing about a half a percent a drag on growth. Growth. The economys only growing bynly gro about 2 a year. A half a percent is a real number. We were also looking at potential jo job cuts of about 750,000 abou people. So this is a big hit to theg economy, just at the time as the tim were really starting to be in some somewhat accelerating partng t of the recovery. Some i think economists areomists a disappointed that the sequestration is going to take se place at all. A axelrod now, wall street hashas been seeing progress, steadyess upward movement. What is this likely to do asely to people are seeing their 401 k s th recover . Whats the likely fallout here. Right now, when i talk to big right investors the guys and gals th managing our 401 k mutual fund gals m theyre saying, look, we built this in. We believe the sequester will occur. Sequ we think that growth is going to be reduced, but its still Strong Enough so companies canbe make money, so we dont believe theres anything really bad that will happen to the stock market. That said, they also believe in the economy starts to falter congress will be forced to act and be potentially delay these cuts. Axelrod Jill Schlesinger thank you. Great to be with you. Axelrod now to the vaticanyou. Where Pope Benedict is set to resign this coming thursday. Cardinals from around the worldenedi have started to arrive in rome to elect the successor. D the tonight as allen pizzey reports,n there are new hints of scandal clouding the popes final few days. L reporter in a final address to the vatican bureaucracy today, benedict thanked Church Officials for helping him bear what he called the weight of the papacy. Just how heavy the weight is has been highlighted over the past the week. Ju the italian media has been pa riddled with eyebrowraising stories of alleged scandals,n r including the existence of a gay ey lobby of homosexual priestsst within the church hierarchy. That may be an exaggeration, but a vatican official was fired because of a homosexual liaisonas in 2007 and another in 2010. The latest stories to offend then vatican are centered on an investigation by three cardinals. Into the socalled vatileaks b scandal that resulted in the conviction of the popes butler for stealing documents. Va today, the vatican issued ahe blast the main concern seems to be the effect the news could have on con the cardinals when they enter the conclave to choose the next pope. Wer scotlands Cardinal Keith obrian summed it up this way knowing the person we might choose will be assuming increasingly heavy responsibility, not just for the Roman Catholic church but for the world itself. Reporter benedict remains busy with the responsibility of farewells. Today it was the turn of italian president georgeio napolitano. A highlevel vatican source said the pope is expected to issue an edict shortening the 15day waiting period between the endo of the papacy and the conclave. Predictions are they will begin sunday march 10. Axelrod allen pizzey at the vatican tonight for us. Ill b thank you. 116 cardinals will vote for the new pope. 11 are american, including Cardinal Roger mahony of rog california. But there are catholics in both los angeles and italy demanding mahony stay away because of his role in shielding sexuallylly abusive priests. Magalie laguerrewilkinson picks up the story. Reporter Cardinal Rogerory. Mahony led the los angeles archdiocese, the largest in the United States for 25 years. He retired in 2011. Today, mahony was deposed for a lawsuit filed by a 35yearold man who claimed of claims he was the victim of sexual abuse in the 1980s. The suit alleges that Church Leaders allowed the accused priest to leave the United States to avoid prosecution. The priest remains a fugitive in mexico. Earlier this month, the los angeles archdiocese released more than 12,000 pages of files documenting a pattern in which mahony and other Church Officials reassigned many accused priests away from california, shielding them from Law Enforcement authorities in the 1980s. As americas senior Cardinal Mahony will lead the u. S. Delegation to rome. Hes been actively tweeting about his upcoming trip. Reporter that tweet has been met by mostly negativeg, responses. Reporter so far, mahony has not responded to those criticsso on twitter. Magalie laguerrewilkinson, cbs news, new york. Axelrod now to india and a protest demanding justice after the rape and murder of three young sisters. The streets were packed today in a state in western india. Three sisters, age five, nine, and 11, disappeared nearly two weeks ago. Their bodies were found in a well. Police first insisted it was an accident, then autopsy confirms the girls had been sexually assaulted. A british newspaper is reporting tonight that Oscar Pistorius wants to reach out to the family of the girlfriend he admits shooting and killing. Pistorius is out on bail and staying at his uncles house. The Guardian Newspaper quotes the uncle, arnold pistorius, describing his nephew. The family of can Reeva Steenkamp his mind all the time and his purpose would be to be part of the family in the future. Later, two young afghan actors in the oscar spotlight. And art world mystery. A popular mural on a wall in london somehow shows up on the Auction Block in miami. And home prices on the rebound in what might seem like an unlikely place. Those stories when the cbs evening news continues. But with copd making it hard to breathe i thought those days might be over. So my doctor prescribed symbicort. It helps significantly improve my lung function starting within five minutes. Symbicort doesnt replace a rescue inhaler for sudden symptoms. With symbicort, today im breathing better. And that means. Fish on symbicort is for copd including chronic bronchitis and emphysema. It should not be taken more than twice a day. Symbicort may increase your risk of lung infections, osteoporosis, and some eye problems. Tell your doctor if you have a heart condition or high Blood Pressure before taking it. With copd, i thought id miss our family tradition. Now symbicort significantly improves my lung function starting within 5 minutes. And that makes a difference in my breathing. Today, were ready for whatever swims our way. Ask your doctor about symbicort. 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At the pharmacy counter. [ male announcer ] a tradition unlike any other. [ man ] another watson is wearing a green jacket and this time his name is bubba. [ male announcer ] the masters on cbs. Axelrod for the First Time Since the story broke, notre dame linebacker manti teo stood in front of a room full of reporters today. Teo wanted to talk about his nfl prospects but was peppered with questions about his online girlfriend who never actually existed. It was definitely embarrassing. You walk into a Grocery Store and you kind of like give people double takes to see if theyre staring at you. Its definitely embarrassing. Axelrod teo said he metorters with reporters to prove he is noer longer embarrassed as he makes his comeback. Back. Comeback is a word a lot of reala w Estate Agents are using on the jersey shore. Unexpectedly, but very happily. Even though towns on the mid Atlantic Coast have yet to clean up from super storm sandy,rm thats not slowing down a certain breed of homebuyer. O heres tony guida. Look at the view from here. You can see atlantic city. Reporter rafi gardee is house shopping on long beach island, new jersey. Super storm sandy battered the slender island so badly, it was closed off for two weeks. Nearly four months later, the southern end of the island is still suffering, but gardee sees opportunity. This area always maintains its value. Thats why im here, thats why id like to buy. Its a great time to buy. Reporter home values are up in many areas hit by sandy according to a recent survey, in new jersey up by almost 2 over presandy values, highert actually, than in areas not impacted by the storm. Real estate firm zillow conducted the study. Chief economist Stan Humphrey the lures of the coast of living are more powerful than the periodic chance of having aic c Natural Disaster in yourdi backyard. Reporter rafi gardee agrees. My lender said, rafi, buy extra insurance, because he thinks the climate will get worse over the next few years. Reporter do you agree with that . I agree with that. Reporter and still you wouldh t buy a house here . Absolutely. It was damaged by the storm. Reporter gardees realtor Nathan Colmer says no property comes riskfree. If you live in kansas theres going to be at some point a tornado to contend with. If you live in california, youre going to have an earthquake. In reporter and storms will ravage the beach area. They come with the location, location, location. Tony guida, cbs news, long beach island, new jersey. Axelrod it was lost in london and found in miami. Isla the mysterious case of the missing mural next. Mi next. S and it feels like your life revolves around your symptoms, ask your gastroenterologist about humira adalimumab. 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[ voice of dennis ] indeed. Are you in good hands . [ male announcer ] coughequence™ 8. Waking the baby. [ coughs ] [ baby crying ] [ male announcer ] robitussin® liquid formula soothes your throat on contact and the active ingredient relieves your cough. Robitussin®. Dont suffer the coughequences™. Axelrod we have an International Mystery from the wo world of art to report tonight. It began with a mural painted by mur a phantom graffiti artist ina london. The artwork then disappeared from the side of a building and reappeared in miami where it was all set to be auctioned this afternoon. Mark phillips picks up the story. Reporter a barefoot child seemingly in a sweat shop sews flag bunting for the queens 60th anniversary jubilee last year. Its called slave labor another politically inspired mural by the graffiti artist known as bansky. It showed up on a wall in a gritty london neighborhood and people liked it. Quite nice. Bansky is obviously very important artisit. Reporter and then one day, it was gone. Well, not exactly gone. It showed up here for sale at a miami auction house, and people back in london werent happy. Bring back bansky bring back bansky i think its a shame, so can we have it back . And quite quickly, please. Reporter how a piece of london wall gets to miami and goes on sale has people angryeopl and scratching their heads. Was it hacked off and stolen and by who . The auction house owner frederic thut, isnt saying. We dont want to be involved in the controversy. Eat reporter bansky has made news before. His works are famous and controversial, but he remains a phantom. His identity has never been revealed. Hes upset people from london to israel, but banskys work has become collectibles even though he said it shouldnt be sold because it belongs to the people. Somehow, though, it ends up on the market. So part of the appeal of bansky is the mystery. E ap his work is famous for appearing out of nowhere overnight. When it also mysteriously dis