Finger pointing over sequester continues in Washington - New York News

Finger pointing over sequester continues in Washington

Posted: Updated:
WASHINGTON -

Now that automatic budget cuts are a reality, Washington is in wait-and-see mode as federal agencies are forced to make do with less money.

The White House may be backing down from its doomsday scenarios, but it's keeping the pressure up on Republicans.

House Speaker John Boehner claims the government is in a sequester because; "The President demanded it and Senate Democrats refused to act." and the White House continues to blame Congressional Republicans for the sequester.

The finger pointing and blaming played out in more detail on Sunday talk shows.  Republicans and Democrats attacking each other about the cause of sequestration.  Republicans claim spending is the problem and must be dealt with.

"Republicans want tax reform. We want to bring rates down for all Americans so that we've got a fairer tax code. But to arbitrarily pull out a couple of tax expenditures and to say, 'Well, we ought to use that to get rid of the sequester.' Listen, every American knows Washington has a spending problem," said Boehner.

President Obama is urging Republicans to work on a compromise with him.  He is concerned about how the $85 billion in automatic spending will affect the economy.

"This will cause a ripple effect across the economy. Businesses will suffer because customers will have less money to spend," he said.  "The longer these cuts remain in place, the greater the damage."

The White House says economists estimate the sequester could cause a loss of 750,000 jobs and slow the economy by more than one half percent.

"Our hope is that as more Republicans start to see this pain in their own districts that they will choose bipartisan compromise over this absolutist position," said National Economic Director Gene Sperling on NBC's "Meet the Press."

Sperling adds, "This is not a win for anyone."

The uncertainty is even affecting stock markets overseas, which are slightly down.  And you can bet Wall Street is watching too.

  • Local NewsLocal NewsMore>>

  • Marijuana's hazy contribution to highway deaths

    Marijuana's hazy contribution to highway deaths

    Tuesday, September 2 2014 5:54 AM EDT2014-09-02 09:54:40 GMT
    Public officials and safety advocates worry there will be more drivers high on pot and a big increase in traffic deaths as states liberalize marijuana laws. It's not clear, though, whether those concerns are merited. Researchers are divided on the question. Studies of marijuana's effects show the drug can slow decision-making, decrease peripheral vision and impede multitasking. 
    Public officials and safety advocates worry there will be more drivers high on pot and a big increase in traffic deaths as states liberalize marijuana laws. It's not clear, though, whether those concerns are merited. Researchers are divided on the question. Studies of marijuana's effects show the drug can slow decision-making, decrease peripheral vision and impede multitasking. 
  • Speed cameras in LI school zones

    Speed cameras in LI school zones

    Tuesday, September 2 2014 5:49 AM EDT2014-09-02 09:49:32 GMT
    Reminder for drivers that as children head back to school in Nassau County so too, will the speed cameras in school zones. Officials say speed cams will be fully operational at 25 locations this week. That will more than double eventually.
    Reminder for drivers that as children head back to school in Nassau County so too, will the speed cameras in school zones. Officials say speed cams will be fully operational at 25 locations this week. That will more than double eventually.
  • Hope's Land of Candy

    Hope's Land of Candy

    Monday, September 1 2014 8:13 PM EDT2014-09-02 00:13:34 GMT
    Step through the doors of Hope's Land of Candy in Island Park, Long Island and you''ll be taking a trip back in time. There's no WIFI but they do have a Victrola piano. And then there's the candy.. lots and lots of it.
    Step through the doors of Hope's Land of Candy in Island Park, Long Island and you''ll be taking a trip back in time. There's no WIFI but they do have a Victrola piano. And then there's the candy.. lots and lots of it.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices