Sequester

Washington Republicans and Democrats don't seem close to agreeing on a budget, but does the U.S. really need a federal budget in the first place?

The U.S. Army is freezing all new applications for its tuition assistance program because of the sequester. As David Gura reports, the elimination of the much relied-upon program is among the first tangible repercussions of the automatic budget cuts.

Alan Krueger, chairman of the White House Council of Economic Advisers, breaks down the latest jobs report and shares his thoughts on the sequestration.

The Labor Department's jobs report for February is expected to be decent: Signs are that the labor market continues to improve. Aren't the sequester's budget cuts going to have any effect?

The Federal Aviation Administration has identified dozens of airfields that could be closed, many of which are regularly used by business travelers and executives.

"I'm disappointed the White House has chosen to comply with sequestration by cutting public tours," the Speaker of the House said.

A guide to living under austerity (and that's another word for sequester).

The sequester could force the IRS to furlough workers, including those who investigate tax fraud. Just to be safe, the IRS hopes to delay any furloughs until after tax season.

Virginia's Republican Governor, Bob McDonnell, says he supports federal spending cuts, including to defense spending, but that the sequester isn't balanced.

From China's new housing tax to the sequester here in the U.S., global markets have a lot of news to digest this morning.