Page 2 - Bitter Sequester News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Jon: for weeks we've 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 we'll talk about why this bitter sequester fight could make or make the president's 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 i'm 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 they're affecting you. a new cyber threat. hackers targeting folks that use online banking. what america's 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 we'll tell you about it "happening now." jon: some new concerns about sequestration and how the cuts could affect our national secu...

It remains to be seen what kind of effect the sequester will have but this could hurt obama's standing because they made that case that this was going to be very difficult. we'll 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 the effect it would have, at least the immediate effect of it. president obama is doing pretty well...

Fiscal crisis to fiscal crisis right now. i can't remember, you know, a time in this nation's 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. we'll 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 don't want that i think they will avert a government shutdown but you never know. almost monthly, and certainly i think...

Team and as new people are named to head federal agencies that have played controversial roles in this administration we're 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 without ways to do it. after the president friday night after he and republicans in congress failed...