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Sequester cuts: Economic threat or all politics?

Surrounded by first responders who may be impacted by looming budget cuts, President Barack Obama speaks during an event at the Eisenhower Executive Office Building on February 19, 2013 in Washington, DC.

The sequester and its federal budget cuts are just four days away. If Congress and the White House don't act this week, $85 billion will be slashed from the federal budget on Friday. As the government gets closer to that deadline, the warnings about what the budget cuts would mean are getting louder.

Julia Coronado, chief economist with the investment bank BNP Paribas, joins Marketplace Morning Report host Jeremy Hobson to explain where the cuts will hit and their impact on the economy.

About the author

Jeremy Hobson is host of Marketplace Morning Report, where he looks at business news from a global perspective to prepare listeners for the day ahead.
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