The blame game continues in Washington, as the clock ticks federally mandated spending cuts.
Sunday morning on NBC's "Meet the Press," Governor Deval Patrick of Massachusetts and Governor Bobby Jindal of Louisiana went head-to-head.
"The President proposed the sequester, he signed it into law, now he doesn't want to make these cuts. The reality is nobody is saying he should make these exact cuts but we can cut less than three percent of our budget without hollowing out our military, without jeopardizing air traffic'" said Gov. Jindal.
"The President has shown that a balanced approach that is about cuts and closing loopholes that enables us to invest in the things that grow jobs, is more important and more appropriate for us at this time," said Gov. Patrick.
$85 billion in cuts, also known as sequester, will take effect on Friday unless federal lawmakers can pass a new budget deal before then. Both parties agree the country needs to spend less, but where to cut and whether or not to raise taxes as well, have become sticking points.
The looming sequester led to call for action in Manhattan.
Elected officials, medical researchers and patients gathered at Weill Cornell Medical College on East 69th Street, to urge Congress to make a deal.
Protesters say the impending cuts include a $2.5 billion drop in funding for the National Institutes of Health and that would mean less funding for medical research.
Tuesday, June 18 2013 2:57 PM EDT2013-06-18 18:57:05 GMT
Chrysler photo via AP
Chrysler said it has resolved its differences with the government and will recall older Jeep Grand Cherokee and Liberty SUVs that could be at risk of a fuel tank fire.
Chrysler said it has resolved its differences with the government and will recall older Jeep Grand Cherokee and Liberty SUVs that could be at risk of a fuel tank fire.
Tuesday, June 18 2013 12:20 PM EDT2013-06-18 16:20:04 GMT
The director of the National Security Agency said Tuesday the government's sweeping surveillance programs have foiled some 50 terrorist plots worldwide, including one directed at the New York Stock Exchange.
The director of the National Security Agency said Tuesday the government's sweeping surveillance programs have foiled some 50 terrorist plots worldwide, including one directed at the New York Stock Exchange.
Monday, June 17 2013 10:10 AM EDT2013-06-17 14:10:37 GMT
For the first time in seven years, most U.S. homebuilders are optimistic about home sales, a sign that construction could help drive stronger economic growth in coming months.
For the first time in seven years, most U.S. homebuilders are optimistic about home sales, a sign that construction could help drive stronger economic growth in coming months.
Saturday, June 15 2013 7:27 PM EDT2013-06-15 23:27:36 GMT
TRENTON, N.J. (AP) — Motorists are seeing stable prices at the pumps in New Jersey.AAA Mid-Atlantic says the average price of a gallon of regular gasoline in New Jersey on Friday was $3.40, the same price as last week. It's also the same price motorists were paying a year ago.The national average price also remained stable, coming in at $3.63 for the second straight week.
TRENTON, N.J. (AP) — Motorists are seeing stable prices at the pumps in New Jersey.AAA Mid-Atlantic says the average price of a gallon of regular gasoline in New Jersey on Friday was $3.40, the same price as last week. It's also the same price motorists were paying a year ago.The national average price also remained stable, coming in at $3.63 for the second straight week.
Friday, June 14 2013 12:14 PM EDT2013-06-14 16:14:45 GMT
Stocks are turning lower in midday trading on Wall Street at the end of a volatile week.The Dow Jones industrial average was down 67 points, or 0.5 percent, at 15,106 as of noon Eastern time Friday. The Dow had surged 180 points the day before.
Stocks are turning lower in midday trading on Wall Street at the end of a volatile week.The Dow Jones industrial average was down 67 points, or 0.5 percent, at 15,106 as of noon Eastern time Friday. The Dow had surged 180 points the day before.
