March 1st, 2013
07:47 AM ET

Friday's live events

$85 billion in automatic spending cuts begin today as President Obama and Congress struggle to find a solution to the crisis.  Watch Live for continuing coverage on this story.

Today's programming highlights...

The Jodi Arias trial resumes on Monday.

10:10 am ET - SpaceX launches cargo mission - SpaceX will attempt to launch its second official cargo supply mission to the International Space Station.

10:30 am ET - Spending cuts briefing - GOP members of the House Armed Services Committee will call for an end to repeated cuts to national security programs at a Capitol Hill briefing.

11:30 am ET - White House briefing - This morning's closed-door talks between President Obama and Congressional leaders on forced spending cuts will likely dominate Press Secretary Jay Carney's briefing.

12:00 pm ET - Detroit learns its fate - The city of Detroit, Michigan, is dealing with a financial crisis of its own, one so bad that a state review revealed the city can't fix the problem on its own.  Michigan's governor will reveal what the state will do for Detroit.

3:00 pm ET - Ashley Judd goes to Washington - She's known as an actress, activist and diehard Kentucky basketball fan, but is Ashley Judd looking toward Capitol Hill?  Rumors are abounding that Judd is contemplating a run for Senate.  She'll test her political mettle when she speaks at a women's health rights event in Washington. Live is your home for breaking news as it happens.


Filed under: Barack Obama • Budget • Congress • Crime • Dollars & Sense • Economy • On today • Politics • Space
soundoff (40 Responses)
  1. saywhat

    And yes we have seen & suffered the ugly side of capitalism run rampart also.

    March 1, 2013 at 1:25 pm | Report abuse |
  2. saywhat

    getting harder to get past CNN censors.

    March 1, 2013 at 1:54 pm | Report abuse |
  3. saywhat

    hanks@bobcat. Distributing smiles as always.

    March 1, 2013 at 1:55 pm | Report abuse |
  4. bobcat (in a hat)©

    A man walks along, and sees an old man sitting on a park bench. The old man is perhaps eighty, and is crying his eyes out.

    The first man approaches the elderly one and asks “What’s wrong?”

    The elderly fellow replies. “I just married a twenty-year old girl, and…”

    The first man prods him: “And? Do you have troubles with…”

    “Oh, no, no. I have incredible stamina for a man my age, and we make love twenty-three times a day.”

    The first man, obviously surprised, asks “So what’s wrong?”

    “I forgot where I live!” bawls the old man.

    March 1, 2013 at 1:56 pm | Report abuse |
  5. Judy Ashby

    Please recheck your facts per the impact of funding for low-income and children with disabilities. While I am not familiar with funding for low income programs, I believe they are not mandated. However, programs offered to schools for children with disabilities is mandated. The Feds mandate to the State(s) and the state mandates to the local districts; usually without additional funding. When the Children with Disabilities Act was initiated, Congress promised funding at 30 or 35%. When I retired in 1998, I think the most that had been funded was 13%.

    March 1, 2013 at 2:03 pm | Report abuse |
  6. bobcat (in a hat)©

    And now something a little more on topic

    A little boy goes to his dad and asks, “What is politics?”

    Dad says, “Well son, let me try to explain it this way: I’m the breadwinner of the family, so let’s call me capitalism. Your Mom, she’s the administrator of the money, so we’ll call her the Government. We’re here to take care of your needs, so we’ll call you the people. The nanny, we’ll consider her the Working Class. And your baby brother, we’ll call him the Future. Now, think about that and see if that makes sense,”

    So the little boy goes off to bed thinking about what dad had said. Later that night, he hears his baby brother crying, so he gets up to check on him. He finds that the baby has severely soiled his diaper. So the little boy goes to his parents’ room and finds his mother sound asleep. Not wanting to wake her, he goes to the nanny’s room. Finding the door locked, he peeks in the keyhole and sees his father in bed with the nanny. He gives up and goes back to bed. The next morning, the little boy says to his father, “Dad, I think I Understand the concept of politics now.” The father says, “Good son, tell me in your own words what you think politics is all about.” The little boy replies, “Well, while Capitalism is screwing the Working Class, the Government is sound asleep, the People are being ignored and the Future is in deep sh it.”

    March 1, 2013 at 2:05 pm | Report abuse |
  7. bobcat (in a hat)©

    A blonde, a brunette, and a red head all went to an antique store and saw a beautiful old mirror.
    The lady working at the store said, “This is a magic mirror. You must say something true. And if it’s true, your wish will come true. If it’s not true, you will disappear.”The blonde, red head, and brunette decided to buy the mirror, and brought it home with them. First the red head walked up to the mirror and said, “I think I’m the most beautiful girl in the world.” Poof, she vanished. Then the brunette walked up to the mirror and said, “I think I’m the smartest girl in the world.” Poof, she disappeared. Then the blonde walked up to the mirror and said, “I think … ” Then Poof, she disappeared.

    March 1, 2013 at 2:20 pm | Report abuse |
  8. saywhat

    We have all seen & suffered the ugly side of capitalism also.
    Standing upto Big Business, Rule of corporations & special interests is not socialism.

    March 1, 2013 at 3:12 pm | Report abuse |
  9. saywhat

    What is needed is to check misuse and abuse of welfare programs not to ax them.

    March 1, 2013 at 3:20 pm | Report abuse |
  10. chrissy

    Ty @ Judy Ashby! That particular person doesnt have much fondness for children so i doubt ones with disabilities matter much to him. As a mom of a severely mentally impaired son i can tell you from experience there is not alot of help out there for these kids. And @ saywhat, you are so right. Can you imagine keeping your job if your work ethics matched those of Congresr?

    March 1, 2013 at 3:31 pm | Report abuse |
  11. dazzle ©

    Gracias, Merci, and thank you!! LOL to you @bobcat.

    March 1, 2013 at 3:33 pm | Report abuse |
  12. chrissy

    Well i see my response @ saywhat has been deleted so i will post it again. @ saywhat i totally agree. And how long do you think any of us would hang onto our jobs if we displayed the work ethics that the members of Congress has shown to us? They are on vacation more than they arent. Thats where the first budget cuts should be made!

    March 1, 2013 at 9:04 pm | Report abuse |
    • Pete

      @chrissy,republican posters here complain about Pres.Obamas vacations but fail to realize that Bushs first 2 years he took off over 470 days and his father during his first term over 500 days total!!Congressman Cantor was just looking over his yearly working calendar and pointed out they have much less working days than 2012,nice ha and they took off just coming back from the New Year vacation time!!

      March 2, 2013 at 5:47 pm | Report abuse |
  13. chrissy

    Lol @ Pete, im sayin dude! And they arent on the clock 24/7 like the POTUS! If you take his salary as Prez and figure in his hours he doesnt even make min wage! And he has the crappiest job in the country!

    March 2, 2013 at 8:48 pm | Report abuse |
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