President Obama, Republican Leaders to Meet As Sequester Cuts Look Likely

The budget ax is about to fall, and there's little lawmakers in Washington are doing to stop it. Despite a parade of dire warnings from the White House, an $85 billion package of deep automatic spending cuts appears poised to take effect at the stroke of midnight on Friday. The cuts – known in Washington-speak as the sequester – will hit every federal budget, from defense to education, and even the president's own staff. On Capitol Hill, Senate Democrats and Republicans each staged votes...Full Story