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February 28th, 2013
12:20 PM ET

Rep. Becerra on looming forced spending cuts: Don't put the brakes on the economic recovery

Rep. Xavier Becerra (D-Calif.) on last-minute efforts to avoid massive forced spending cuts to public services.

Filed under: Sequestration
February 28th, 2013
12:11 PM ET

Rep. McKeon on looming spending cuts: Defense has already been cut greatly

Rep. Buck McKeon (R-CA), chair of the House Armed Services Committee, on the effect of forced spending cuts on military.

Filed under: Sequestration
February 27th, 2013
12:11 PM ET

Rep. Schock: We've done all we can in the House to stop forced spending cuts

This morning on "Starting Point with Soledad O'Brien," Rep. Aaron Schock (R-Ill.) weighs in on the stalemate in Congress over working to avoid forced massive spending cuts.

Rush transcript available after the jump.


Filed under: Congress • Sequestration
February 27th, 2013
10:54 AM ET

Rep. Israel: No one wins in blame game on spending cuts

With just two days until the deadline for forced massive spending cuts take effect. Will Congress be able to get a plan together before then?

This morning on "Starting Point," Rep. Steve Israel (D-NY) weighs in on the issue and details efforts to avoid massive forced spending cuts for public services from happening.

Rush transcript available after the jump.


Filed under: Sequestration • Spending cuts
February 26th, 2013
11:12 AM ET

Navy Sec. Mabus: If sequestration hits, '90,000 government workers in Virginia will lose 20 percent of their salary'

In three days, forced spending cuts will slash $85 billion from the federal budget unless legislators are able to come to a deal with the administration.

President Obama is heading to Newport News, Virginia today to talk about the impact the sequester would have on jobs and the shipbuilding industry.

Secretary of the Navy Ray Mabus will be joining the president and he sits down with Soledad this morning to explain how the Navy will be effected by budget cuts.

"There's going to be some real impacts to Navy readiness. We've already had the delay the "Truman" strike group going to the Middle East. We're going to have to delay an amphibious ready group going out. If sequestration keeps going, we're going to have to take down four of nine carrier air wings and it will take us a year to get them back and it will cost two or three times as much," Mabus explains.

"If we lurch from this budget crisis to the next artificial budget crisis, and that's the continuing resolution at the end of March, we'll start cutting some significant number of workers here. We'll lose about 7,500 workers by the end of the year, and these are highly skilled, highly motivated people who build ships that nobody else can build," Mabus says. "And if sequestration hits, you're looking at the possibility of furloughing 5,000 workers at the public shipyard here, and you're looking at another 40,000 government workers here in the Norfolk area and 90,000 across Virginia who will lose 20 percent of their salary before the end of the year."

Filed under: Budget • Navy • Sequestration
February 26th, 2013
11:01 AM ET

Rep. Price: The House will 'provide flexibility to the administration' on budget cuts

There are only three days until massive forced budget cuts are set to be enacted, and this morning there's no sign that a deal is in the works.

The forced cuts, referred to as the sequester by the government, would slash the budget by $85 billion, a move that some say is necessary to curb spending.

Rep. Tom Price (R-GA) joins Soledad on Starting Point this morning to explain what the House GOP is willing to do to avoid some of the more drastic cuts, and to respond to President Obama's recent comments about the impacts of the sequester.

"The president has talked about all of these calamitous things that will happen, but what we're looking at is a 2.5 percent reduction," Price says. "That's the level of spending that we had just two years ago. I don't remember all of these bad things happening two years ago. [The House] will provide, I believe, some flexibility to the administration so that they can make certain that the bad things that the president cites don't happen, and if they do, it's because he wants them to."

Filed under: Budget • Sequestration
February 25th, 2013
09:16 AM ET

Nat. Economic Council dir. Sperling: Forced spending cuts create uncertainty in economy

This morning on "Starting Point," National Economic Council dir. Gene Sperling names efforts in the White House to avoid a deadline for forced spending cuts.


Filed under: Forced spending cuts • Sequestration