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

Nondefense and 13 percent cut to defense programs this year. but president obama said yesterday. if congress can compromise on spending cuts and tax reform, then the threat of the sequester will be delayed. >> we are just weeks away from deep automatic cuts to federal spending including defense. there is no reason. no reason for that to happen. putting our fiscal house in order calls for a balanced approach . not massive indiscriminate cuts that impact military preparedness. >> sequestration would result in 2100 food inspections a year and delay i.r.s. customer service responses and could redu...

Direct specific threats of violence. you've been hearing about it. economic crisis just a few weeks away potentially if lawmakers don't do something about it. president obama meeting with congressional leaders from both political parties to try to get them back from the brink. if they can't reach a deal by new year's day, tax also go up, deep automatic spending cuts take effect. economists warning the combination of that could propel news another recession and higher unemployment. before today's meeting, the president said everyone agrees it's urgent to get a deal done. >> we've got to make ...

Forbear. going after mitt romney and the mysterious tax returns. we'll have that clip a little later in the show. first, let's get to the news live at 5:30 a.m. here's 30 rock in new york city. former vice president dick cheney returns to washington today to meet with top house republicans about how to deal with the two-part challenge facing the economy at the end of year. the expiring bush tax cuts and those deep automatic spending cuts. democrats took a hard line yesterday suggesting they are prepared to go over the so-called fiscal cliff and allow those cuts in taxes to take effect if repub...

>> it's not about assigning blame. but we are unaware of any democratic offer that didn't include at least $1 trillion tax increase on the american economy. >> reporter: democrats are drawing the line on medicare and medicaid. >> what we will not put on the table is the end to the guarantee to those entitlements. >> reporter: without an agreement, deep automatic cuts kick in, slashing domestic and defense spending alike. but not until 2013. a crisis for the next congress. brian mooar, nbc news, washington. occupy wall street protesters angry over last week's eviction from their downtown camp...

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