Automatic Sequestration News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Works is strange. it can put up with irresponsible fiscal policies for a long time and then it wakes up and notices the arithmetic doesn't stack up and then you find yourself on the wrong end of rising rates. start having to enact austerity measures and down you go. that's a big problem we have, i think, which goes back to where we began. how will this economy do in the election year? which is while they'll fiddle in washington, they put themselves in a position where they're going to have to be crude spending cuts, not the carefully designed ones that simpson/bowles came up with. an automatic...

Made a dent. >> where do we go from here. >> you have democrats that a week before the deadline and senator clyburn. and we have not coalesced. and that was a mistake. the blame falls on both sides . now you go to automatic sequestration . and will come back to the relevant congressional committee by january 13th. and there will be 1.2 trillion in cuts and on the domestic side of the budget and security side of the budget. >> all right. congressman michael burgess thank you for joining us today. >> for more on the politics of the week. tune in for fox news sunday tomorrow morning. chris wallac...