Page 42 - Sequestration Cuts News Today : Breaking News, Live Updates & Top Stories | Vimarsana

everyone. i'm erin burnette. is the president hiding up to 200 layoffs. assistant labor secretary jane oates posted this update. now, it was quietly posted to the labor department's website just yesterday. as we reported 46 days ago the law called the warn act calls for employers to announce layoffs of employees 60 days before hand. we're talking about ones like the ones related to the defense industry thanks to the 2 hnt $1 trillion in sequestration cuts. since they take effect on january 2nd, here's a calendar. layoff announcement that the depence contractors would go out november ...

there was plenty of talk about the dire consequences of the looming fiscal cliff. we're talking about tax cuts expiring for everyone automatically, payroll taxes going up, emergency unemployment benefits ending and, of course, the $1.2 trillion in so-called sequestration cuts. about half of that sum is going to come from defense. >> the obligation of the commander in chief is to act like the commander in chief, and that wld be to prevent these cuts, which in the words of his own secretary of defense, would devastate our national security. >> interesting, acting like a commander in ch...

with four days before congress high-tails it out of washington, there was plenty of talk about the dire consequences of the looming fiscal cliff. we're talking about tax cuts expiring for everyone automatically, payroll taxes going up, emergency unemployment benefits ending and, of course, the $1.2 trillion in so-called sequestration cuts. about half of that sum is going to come from defense. >> the obligation of the commander in chief is to act like the commander in chief, and that would be to prevent these cuts, which in the words of his own secretary of defense, would devastate ou...

This year and now another $500 billion over the next ten years. if washington doesn't reach a deal on federal spending. how confident are you that the two sides will get anything done in the election year before the sequestration cuts kick in not only for defense but domestic spending as well? >> i'm very concerned. there has already been a $487 billion reduction in the defense budget and now another half trillion dollars is being proposed. i believe this is second the wrong message to enemies overseas. they believe that the american people the israelis have the watch but you they have the tim...

playing chicken with the fiscal cliff. today the senate appeared to take action on extending the bush era tax cuts. appeared being the key word. senate majority leader announced he would not philly buster. he allowed a straight up or down majority wins vote. the republican plan, extend the tax cuts for everyone, and president obama's plan extend it for 98% of americans. that's households making 250,000 a year. why would the senator do such a thing? >> the only way to force people to take a stand is to make sure that today's votes truly count. by setting these votes at a 50-vote thres...