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House Speaker John Boehner (R-Ohio) on NBC's Meet the Press
House Speaker John Boehner (R-Ohio) on NBC's Meet the Press (NBC)
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GOP Says Sequester Cuts Will Remain [VIDEO]

The $85 billion in federal spending cuts that began kicking in Friday are here to stay if you believe the latest public statements from Washington.

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MONEY-300x225
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Sequester Cuts to Hit Military School Districts First [VIDEO]

While public schools everywhere will be affected by the government's automatic budget cuts, few will feel the funding pinch faster than those on and around military bases.

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Rep. Cathy McMorris Rodgers (R-Wa)
Rep. Cathy McMorris Rodgers (R-Wa) (YouTube)
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Weekly Address: Budget Sequester [VIDEO]

Severe spending cuts are now the law of the land and the battle has spilled into the weekly media messages from President Barack Obama and the Republicans, with both sides saying it's the other's fault.

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President Obama holds a press conference on budget sequester
President Obama (White House via YouTube)
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Obama Blames Republicans For Sequester [VIDEO/POLL]

 

President Obama blames Republicans' refusal to close 'wasteful' loopholes as the cause of  automatic budget cuts that will go into effect at midnight.

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Internal Revenue Service building
Internal Revenue Service building (Mark Wilson/Getty Images)
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IRS Spares Tax Refunds By Delaying Furloughs

Here's a bright spot amid the doom and gloom of the government's automatic spending cuts: They shouldn't delay tax refunds.

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Sequester Cuts Will Be Stretched to Friday Limit

The White House says automatic spending reductions set to kick in Friday will be put off until as close to midnight Friday night as possible. Call them the Cinderella cuts.

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: House Speaker John Boehner (R-OH) (R) listens as U.S. President Barack Obama gives his State of the Union address
: House Speaker John Boehner (R-OH) (R) listens as U.S. President Barack Obama gives his State of the Union address (Charles Dharapak-Pool/Getty Images)
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Obama Chides GOP For Killing Plan To Address Cuts [VIDEO]

President Barack Obama is chiding Senate Republicans for blocking a Democratic plan to replace automatic spending cuts that are set to kick in Friday.

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President Barack Obama delivers remarks to the National Governors Association
President Barack Obama delivers remarks to the National Governors Association (Olivier Douliery-Pool/Getty Images)
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How Sequester Budget Cuts Could Affect You

Government agencies are already taking steps to comply with automatic spending cuts scheduled to take effect Friday.

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US Capital building
U.S. Capital building (Chip Somodevilla, Getty Images)
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Senate To Vote On Rival Budget Plans [VIDEO]

Some $85 billion in across-the-board spending cuts to domestic agencies and the military are set to kick in Friday.

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Win McNamee, Getty Images
Win McNamee, Getty Images
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Is NJ Worried About Sequester Cuts? [AUDIO]

Deep automatic spending cuts will kick at midnight tonight if lawmakers in Washington, D.C. and President Barack Obama cannot reach a deal to end the country's latest fiscal crisis.

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