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Sequester Spending Cuts

The USS New York passes by the Statue of Liberty. (Photo by Spencer Platt/Getty Images)

Sequester Budget Cuts Likely Mean The End Of New York City’s ‘Fleet Week’

In his 12th and final year as mayor, Michael Bloomberg will have to pull a rabbit out of a hat to find a way to celebrate Fleet Week without the fleet.

04/11/2013

President Barack Obama (credit: SAUL LOEB/AFP/Getty Images)

Obama On ‘Sequester’ Spending Cuts: ‘None Of This Is Necessary’

They just couldn’t get anything done. A high-stakes meeting at the White House to avoid the next fiscal cliff at midnight ended with no deal, but instead another round of the blame game.

03/01/2013

The sequester budget cuts will put a severe strain on senior citizen services in New York City. (Photo: CBS 2)

NYC Senior Citizen Services To Take Big Hit When Sequester Cuts Go Through

There was more squabbling in Washington on Thursday as the nation prepared to go over the latest fiscal cliff — $85 billion in budget cuts.

02/28/2013

The sequester budget cuts have triggered the release of hundreds of illegal immigrants from prisons, setting off a firestorm of controversy among lawmakers. (Photo: CBS 2)

Sequester Budget Cuts Lead To Controversial Release Of Jailed Illegal Immigrants

The feds are keeping a tight lid on the details of the inmate release, saying only that there are “hundreds” nationwide, and that they are “non-criminals and other low risk offenders.”

02/27/2013

An AirFrance Airbus A380 approaches JFK International Airport - Queens, NY (file / credit: STAN HONDA/AFP/Getty Images)

Ready For Airport Nightmare? Watch What Happens If ‘Sequester’ Cuts Go Through

President Barack Obama has issued a travel warning to the flying public: If the government goes over the latest fiscal cliff, expect major delays at airports, especially those in the busy Tri-State Area.

02/22/2013

(credit: High Gear Media)

If ‘Sequester’ Budget Cuts Go Through, White House To Hit New York State Hard

Just eight days remain before we could go over the next fiscal cliff in Washington, and CBS 2 has learned that in New York alone the job losses would be widespread, and painful.

02/21/2013

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.

02/19/2013