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Transcripts For CSPAN Federal Budget Outlook 20130209

[captions Copyright National cable satellite corp. 2013] [captioning performed by national captioning institute] quacks on newsmakers this week , Chris Van Hollen talks about the decisions facing congress as it moves closer to the acrosstheboard spending cuts in march. I would much prefer to see us do this before the march 1 trigger date, but if we go over, i hope republican colleagues come to their senses. What is the game plan, if we do go over the deadline. What is the game plan to think about for it if it becomes an economic drag . It is already becoming an economic drag. If you look at the last quarter of last year, you saw a downturn in Economic Committee and a factor behind that activity, and a factor behind that has been anticipation of the acrosstheboard cuts. If you get a slowdown in anticipation, it will get worse once the march 1 date hits. My view is you have to deal with this now and you are raising a broader question. All of these things upon us, the march 1 sequester, t

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