President Obama speaks to the media about sequestration in the Brady Press Briefing Room at the White House in Washington, D.C. on March 1, 2013. (Photo by Saul Loeb/Getty Images)
Happy Sequester Day? The deadline has come, it looks like the days of austerity are upon us. President Obama and congressional leaders failed to reach a deal to avoid the dramatic budget cutbacks, trimming $85 billion this year alone and $1.2 trillion over the course of a decade. Analysts predict we won’t feel the widespread impact until a few months from now, though furlough notices are already being sent to some federal employees.
We’ll discuss the politics of the sequester in Friday’s show. Here’s a look at headlines shaping The Last Word rundown:
- Obama, congressional leaders fail to reach deal on sequester
- When will it end? Sequestration deal may take months
- Romney to Obama: Stop ‘berating’ GOP over sequestration
- Brace yourselves! Without a deal, Obama warns of sequestration pains
- Boehner: ‘Polite’ meeting but ‘there’s no plan‘ to replace sequester
- Michigan’s governor declares Detroit in state of financial emergency
- Obama’s ‘Jedi mind meld‘ shatters his nerd credibility
