Sequester Show-Down Looms

Sequester Show-Down Looms
Iowa Gov. Terry Branstad, left, speaks to reporters at the National Governors Association 2013 Winter Meeting. Exasperated governors say Washington's protracted budget stalemate could seriously undermine the economy and stall gains made since the recession.

 

 

Still no budget deal as the US economy gets closer to those automatic spending cuts scheduled to kick in Friday. The White House says the cuts will create needless hardships for millions of Americans. ABC News White House Correspondent Ann Compton says it is setting up a show-down that no one is happy about.