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Automatic Spending Cuts

President Barack Obama returns to the White House - Feb. 13, 2013 (credit: JEWEL SAMAD/AFP/Getty Images)

President Obama, House Republicans Hunker Down For ‘Fiscal Cliff Part II’

President Barack Obama has a warning for everyone: people will lose their jobs if Congress does not step in and stop automatic spending cuts.

2013/02/19

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Two Metro-North trains collided in Bridgeport, Conn., on May 17, 2013. (credit: Helen Dodson)

Bridgeport Metro-North Train...

The "Despicable Me" Minion Blimp over New York City as seen from Chopper 880 - May 17, 2013 (credit: Tom Kaminski / WCBS 880)

Eye On Manhattan

One World Trade Center seen at sunrise from Chopper 880 - May 16, 2013 (credit: Tom Kaminski / WCBS 880)

World Trade Center Sunrise

Barges in the Hudson River for construction of the new Tappan Zee Bridge as seen from Chopper 880 - May 16, 2013 (credit: Tom Kaminski / WCBS 880)

Construction Barges For New...

Britain's Prince Harry plays polo at the Greenwich Polo Club May 15, 2013 in Greenwich, Connecticut. (credit: DON EMMERT/AFP/Getty Images)

Prince Harry Plays Polo In...

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Prince Harry Visits New York...

Iconic Jet Star Roller Coaster damaged by Hurricane Sandy torn down, as seen from Chopper 880, May 14, 2013. (credit: Tom Kaminski/WCBS 880)

Demolition Begins On Jet Star...

Britain's Prince Harry (C) talks to people during a visit with New Jersey Gov. Chris Christie (3L) to the area hit by Superstorm Sandy May 14, 2013 in Seaside Heights, New Jersey. (Photo by Mel Evans-Pool/Getty Images)

Prince Harry Visits Jersey...

Angelina Jolie Through The Years

Angelina Jolie Through The...

The final section of the spire was placed atop One World Trade Center on Friday (Credit WCBS 880 Tom Kaminski)

Spire Installed Atop One...

The smoldering remains of a garbage truck after crashing into a home in East Hanover, N.J. on May 7, 2013. (credit: CBS 2)

Garbage Truck Demolishes Home...

The box being constructed around the space shuttle Enterprise aboard the Intrepid as seen from Chopper 880 - May 7, 2013 (credit: Tom Kaminski / WCBS 880)

Another Brick In The...

Met Costume Gala: Beyonce

Costume Gala At The Met

People watch as workers continue to install the new boardwalk that was damaged six months ago by Superstorm Sandy May 4, 2013 in Seaside Heights, New Jersey. (Photo by Mark Wilson/Getty Images)

Jersey Shore Gets Ready For...

A family looks at fish in a pond at the Brooklyn Botanical Garden on May 5, 2013. (Photo by Spencer Platt/Getty Images)

Spring Comes To Brooklyn...

The final sections of the spire is raised to the top of One World Trade Center May 2, 2013 to a temporary work platform atop the structure. (credit: Rich Lamb/WCBS 880)

Final Pieces Of Spire Lifted...

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