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One Week Before Spending Cuts Kick In

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  • Description

    FBN's Rich Edson on negotiations to avoid spending cuts.

  • Duration 3:06
  • Date

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All right lesson.

One week to go until mandatory budget cuts kick again.

But leaders in Washington don't seem to be in any rush to negotiate rich -- -- -- -- at the white house with the latest rich.

The blame game here in Washington DC right now the White House is warning of the -- -- -- consequences of those automatic budget cuts are allowed to begin.

On March -- what we have now is a briefing by the transportation secretary ray what abilities talking about how.

Americans could -- flight delays of up to ninety minutes perhaps even canceled flights.

As the FAA is going to have to furlough -- significant number of air traffic controllers earlier this week it was the agricultural secretary Tom Vilsack talking about how.

Food and meat inspectors would have to be for allowed.

Compromising the food safety in this country in this is the continued roll out by the White House to talk about the negative effects in the consequences.

Of those across the board spending cuts pinning it on Republicans saying because they refuse to close tax loopholes for the wealthy.

That these automatic spending cuts will have to hit the budget on March 1 Republicans responded this is all -- show.

Of course it's a big deal when you're actually taking money out of people's pocketbooks and wallets and not giving him a job -- laying them off it affects people in a very real level.

But I think the most important thing is get a president's using his bully pulpit he scaring people is bringing -- the forces unleashing his cabinet to go -- do the -- dog and pony show around the country.

Now it's likely the US senate votes next week on a Republican and a democratic proposal.

To avoid.

5050 mix between tax increases and spending cuts Republicans say their proposal.

Won't raise taxes on anyone and so we are still at the starting point of these very familiar negotiations meaning it's very unlikely it seems.

That much gets done in the way of avoiding -- spending cuts kick in one week back to you.

Gold -- this is kind of -- contrived crisis is an -- we're talking only 85 billion dollars in the first year in a budget of three and a half trillion such 85 dollars on 3500 bucks.

And perish the thought that instead of firing supposedly you security orders at the airport the baby -- people back in the office except firing meat inspectors you'd do people back at the office.

They're just trying to make this as crisis where it is possible I think it wouldn't be so bad we cut spending a little bit.

-- people look at the size of government spending well north of three trillion dollars -- C 85 billion dollars is not all that much.

But the administration would say is if you look at the way the law was designed it's known as sequestration that these across the board spending cuts.

It reduces each government account by a certain percentage so the administration says and -- the secretaries -- the administration would say is if you gave us some flexibility to allow us to cut here a little deeper instead of cutting there as opposed to each government account.

By a set number that they could avoid some of the more dire circumstances that they're talking about right now.

And that giving the government the administration the flexibility to move more money around with in the department.

Is something the Republicans in the house are at least considering.

-- all right thanks very much for excessive.

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