NPR's business news starts with a new economic forecast.
(SOUNDBITE OF MUSIC)
INSKEEP: The latest survey of economic forecasters by the National Association of Business Economics predicts 2 percent growth this year. That is down from last year's 2.2 percent. The current budget battle in Congress is partly blamed for slowing the economy now.
The survey goes on to say that next year could be better if budget issues are resolved by then. Transcript provided by NPR, Copyright NPR.
Originally published on Mon February 25, 2013 8:01 am
With less than a week before the across-the-board-spending cuts go into effect, Republicans and Democrats are sounding off about the sequestration.
"There's easy ways [sic] to cut this money that the American people will never feel," Rep. Tom Coburn, R-Okla., said on Fox News Sunday. "What you hear is an outrage because nobody wants to cut spending ... and it will be somewhat painful, but not cutting spending is going to be disastrous for our country."
It seems Republican Sen. Lindsey Graham has done his best in recent weeks to get as much ink as possible, talking about things that play well with the conservatives in his home state of South Carolina, like Benghazi and gun rights.
Graham also held up the nomination of Chuck Hagel as defense secretary to get more answers about what happened in Benghazi, even as he admitted Hagel had nothing to do with it. But his opposition might have more to do with home state politics than the nomination itself.