taylor, cnn, new york. >> thanks for watching today. >> let's go to christine romans live in new york for "your bottom line> hi, guys. i'm christine romans and we are live this morning. did you notice anything different when you woke up? we didn't think so. but the forced spending cuts are here. washington calls it the sequester. should you be afraid? it's not armageddon, but it is the opening credits of a very scary movie. here's the horror story the white house is telling. a world more dangerous than it was yesterday. >> what the sequester does, it uses a meat cleaver approach to gut criminal investments. >> the cuts are indiscriminate, some are frightening. less oversight and fewer audits of some nuclear facilities, hampered counterterrorism around the world, fewer food inspections, higher risk of wildfires. fewer hiv tests, a more dangerous border. but it's a horror story not everyone is buying tickets to see. >> i think that the president needs to stop trying to scare the american people, that absolutely, you can cut less than 3% without all these awful consequences. >> reporter: maybe so, in which ca