With sequester cuts and furloughs beginning to roll out this week, some are wondering if Illinois is being hit harder than other states. There's the $33.4 million cut to education spending, the $6.4 million hit to clean water initiatives, the 14,000 furloughed defense jobs, and the list goes on. Marilyn Geewax, a senior business at NPR in Washington, joins us to discuss the cuts, and the next big financial crisis on Capital Hill - the dreaded continuing resolution.
Earlier this week, we looked at the political situation around the sequester. Now, the economic impact. While some legislators say the automatic budget cuts won't be as bad as the President is suggesting, economist Elizabeth Powers warns they might be worse than expected. She joined us to discuss how the sequester will impact Illinois.
Is the federal government really going to let $85-billion in budget cuts take hold at the end of this week? Lynn Sweet, the Chicago Sun-Times Washington bureau chief, has been monitoring the sequester debate, and gives us an update.