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CNN Your Money May 4, 2013 18:01:00

Provider reports 164 spots gone. in california, three programs are slashing 382 spots. in colorado, another big provider cutting 138 spaces. ultimately, 70,000 children could lose out. low-income seniors are losing meals on wheels. the southern maine agency on aging tells us they ve gone from providing up to 850 meals a weekend to 250. if you get federal unemployment benefits in california, this week your check got smaller. about $79 less on average. 19 other states and the district of columbia are also sending out smaller checks. these cuts trickle down to america s most vulnerable. at the same time, there s only one part of the sequester congress has stepped in to fix massive flight delays. last week your elected leaders voted to give the faa more flexibility so it could bring back furloughed air traffic controllers. a cynic would certainly wonder if members of congress only cared about fixing flight delays because they d actually feel those. jon stewart joked about it on the daily ....

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CNN Your Money May 4, 2013 18:02:00

On wheels unless it s rolling down an aisle. and even the president said it. and maybe because they fly home each weekend, the members of congress who insisted on these cuts finally realized that they actually apply to them, too. we are now two months into this u.s. experiment with austerity, and it comes as debate rages in europe over whether budget cuts have actually deepened the continent s suffering. eurozone unemployment just hit a record, above 12%. that s on the left side of your screen. here in the u.s., it has fallen to 7.5%, the lowest since december 2008. are we putting the u.s. recovery at risk if the sequester stays in place? or can the u.s. economy absorb all this? diane is the chief economist for mesro financial. diane, let me start with you. the jobs report friday, 165,000 jobs created. unemployment rate 7.5%. did you see evidence of the ....

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