Sequestration: How Budget Cuts Cost You

Bianna Golodryga reports on how across-the-board federal budget cuts will affect Americans.
0:53 | 03/01/13

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Transcript for Sequestration: How Budget Cuts Cost You
How could the looming cuts affect each of us. "Gma weekend" co-anchor bianna golodryga is here with that. Good morning, bianna. Reporter: Good morning, robin. All the budget cuts may not have a huge impact on the overall economy just yet. They will be affecting millions of americans. And many of them not well as it is. Let's show you what's going to happen. Those receiving unemployment checks, unemployment checks will go down by nearly 10%. 9.4%. The long-term benefit, a loss of $400 for those collecting checks. Those on disability payments will be delayed for weeks. We don't know how many weeks. But they will be impacting many of these folks in addition. Also, we're talking about small businesses. Small business loans will be down nearly $2,000. Small businesses affecting million ofgs americans. This particular cut would affect 22,000, nearly 23,000 americans. This is of course because small businesses employ the majority of all american workers.

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