Source: newstalk910.com

The budget crisis should be back in the headlines. The acting budget director told federal agency heads that there will be $85 billion in automatic spending cuts on March 1 unless the Congress acts. At the same time, the Joint Chiefs of Staff are warning about massive budget cuts in our military if Congress does not take action now. We are taking money out of 401 K accounts at a record rate to pay our bills today. We are going to be talking a lot about all of this in the days ahead.