$85 billion in automatic across-the-board cuts became law last week, as President Obama and Congress struggle to find a solution to the crisis. Watch CNN.com Live for continuing coverage on this story.
Today's programming highlights...
9:30 am ET - Justice Department oversight hearing - Attorney General Eric Holder may discuss spending cuts and drones when he testifies at an oversight hearing before the Senate Judiciary Committee.
11:00 am ET - Cardinals hold Vatican prayer service - As we await a date for the conclave to elect the next pope, Roman Catholic cardinals will hold a prayer service inside St. Peter's Basilica.
12:00 pm ET - White House briefing - Forced spending cuts and a potential government shutdown will likely dominate Press Secretary Jay Carney's agenda with White House reporters.
1:00 pm ET - Jodi Arias murder trial - Jodi Arias is expected to begin answering juror questions at her murder trial in Arizona. The state is one of only three that permits jurors to question witnesses after lawyers finish their questioning.
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