Republicans And Democrats Seem To Agree Sequester Deal Not Likely

Republicans And Democrats Seem To Agree Sequester Deal Not Likely

FILE - This Nov. 16, 2012 file photo shows President Barack Obama, accompanied by House Speaker John Boehner of Ohio, speaking to reporters in the Roosevelt Room of the White House in Washington, as he hosted a meeting of the bipartisan, bicameral leadership of Congress to discuss the deficit and economy in Washington. Americans are living longer, and Republicans are proposing to raise the Medicare eligibility age as part of a deal to reduce the government's huge deficits. But what sounds like a common-sense sacrifice for an aging society that's facing tight budgets could have some surprising consequences, including higher premiums for people on Medicare. (AP Photo/Carolyn Kaster, File)

 

 

Massive spending cuts go into effect this Friday unless Congress reaches a last-minute deal. ABC News Political Analyst Steve Roberts tells us a deal doesn't look very likely--at least not right now.