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

Supply chains. >> steve, i've been watching the market out of the corner of my eye for the whole week wondering how the market will react. it seems, i have not kept an iron clad track of it today, but it seems like the market, it looks certainly not like the debt ceiling with fiscal drops. it looks like a ho-hum event to wall street as it looks to the market. am i oversimplifying it and once the sequester kicks in, the market will move in any way, shape or form. >> at some point, chris, i don't know, three, four weeks ago the market learned to stop worrying and loved the sequester. i don't kno...

Prescribed by rheumatologists. >> all of this will cause a ripple effect throughout our economy. layoffs and paycuts means that people have less money in their pockets and that means that they have less money to spend at local businesses. that means lower profits. that means fewer hired. so, how will the sequester actually impact the economy? let's ask two economic experts. i'm thrilled to have both of them. greg and steve liesman, cnbc senior economics reporter. greg, i want to start with you. so much back and forth. this is doomsday. this is not bad. bobby jindal governor of louisiana said...

About how to avert the sequester. there just hasn't been a lot of action, especially on the senate side, to actually avert it. last year the house passed a bill twice that would replace the across the board cuts with targeted cuts in high-growth programs. and there's been a number of proposals. one was a joint house senate armed services proposal that didn't furlough or lay off any federal workers but just said as they retire naturally, you only replace one for every three that retire. and that saves money over time. so, there is a lot of common sense ideas, unfortunately, the senate hadn't pa...

The spending cuts and all that comes with that because they're not certain that there's going to be a terrible impact on the economy. and this is just not the moment for any kind of grand bargain. that other piece of news that i think is significant, the president made this clear and speaker boehner made it clear in my interview with him. they are committed to keeping the government open, which means in several weeks, which is the next potential crisis point, they do not intend to shut down the government over the budget. there will be a budget fight that comes down the line and, as you know, ...

Senior military leaders are warning that american readiness is in jeopardy because of fiscal chaos in washington. here is u.s. army chief of staff on "morning joe" today. >> combination of $12 million in cuts and sequesteration and the continuing resolution doesn't put the money in the right places for us in the army. so, it's both of those. i haven't had a budget yet since i was chief of staff. i have not had a budget. >> texas republican congressman mack thornberry serves on the armed services committee and he joins me. thank you for taking the time. i want to start with what general odierno...