Jim Kuhnhenn, reporter for the Associated Press, writes that the “fiscal deadline [is] all but blown.” President Obama says he will wait until the very last second to sign the sequester order – ever hopeful a deal can be struck. However, according to The New York Times, Speaker John Boehner says “the revenue issue is now closed.” New York stands to lose hundreds of millions of dollars and the loss of many jobs. Syracuse.com reporter Mark Weiner wrote a very good piece about how the sequestration will affect New York.
A thanks to Jimmy Vielkind of the Times Union for posting the video of Governor Cuomo’s Q&A with journalists Wednesday. Jimmy writes, “Cuomo talked about his upcoming fundraising blitz — it’s for his re-election efforts, he swears, not a 2016 presidential bid, even IF events are in Florida — and said the ongoing stalemate over sequestration has reduced citizen confidence in the federal government.” Martens spoke briefly about the pending health report on hydrofracking – he, like the rest of us, is simply waiting for it.
In a post on The Business Review Morning Call blog, Michael DeMasi reports on President Obama’s state-by-state breakdown of the impact of across-the-board spending cuts set to go into effect on March 1. Millions of education dollars and hundreds of jobs are at stake. Click here to read DeMasi’s report.