Page 5 - Warren Act News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Them out because cuts may not happen. one contractor said he's planing to tell his employees. >> you can't tell them, and that puts us as a maul business owner between a rock and hard spot. we'll help you but we'll help you if we go over the cliff. >> if they get sued for not sending out lay off notices. the government will pib pick up the tab. contractors will honor the request and hold off workers but two key republican senators sent a letter to 15 major defense contractors warning it is our fear should you rely on that guidance and fail to comply with the warren act. you will set your compa...

The obama administration trying to delay the pink slips from ever being sent out. mike emanuel as those from washington. >> reporter: that's a lot. and many are hoping that president and congress will work out a deal to avoid the cuts which secretary panetta said would be devastating, but a law called the warren act says if you expect to have that, he's going to be straight with the employees and says the uncertainty is rough. >> it's the sequestration, what shall we tell our people? it's akin to being in a car and you find you're playing chicken and you've got your company in there and they'r...

Was ronounced dead. >> drivers in california are dealing with a severe case of sticker shock. the average price of gas tied an all-time state record of $4.61 set back in 2008 that is up 12 cents from yesterday's average. those are the top stories, uma. back to you. >> prices keep going up up. thank you very much. >> defense contractors are facing a dilemma with half billion worth of cuts. should they warn the employees or listen to the obama administration and not issue a 60 day notice. here's more. >> nice to see you. law called the warren act. ahead of lay offs notices should be issued 60 da...

Before today and if they get sued for not doing so, they'll pick up the tab. contractors say they'll hold off telling workers, but two key republican senators, lindsey graham and john mccain sent a letter to contractors, quote, it's our fear should you rely on that guidance and fail to comply with the warren act requirement you'll be setting the company up legal repercussions and graham calls it disturbing. >> not only does it say the warren act. the precedent for the the united states, a precedent that the executive branch of government can set aside the existing statute. >> and some say it's...

>> well, absolutely. >> frankly, i am not enough of an economist to question exactly what those numbers are. our discussion about the warren act that just took place where there are blatant violations of the law, i wouldn't put anything past this administration. >> you know, these are sitting members of congress. >> yeah. >> alan west won, of course. we know his party. he's very conservative nap said, john mccain. are you surprised by his comments? >> i'm very surprised by his comment. all of those comments, they're not just deeply irresponsible, but without a shred of evidence they are castin...