stephen fuller who runs the center for regional analysis says if sequestration takes effect, it wouldse the national unemployment level from 8.2 to 9.6%. >>> tonight, we are preparing a major investigation that's airing right here tomorrow at 11:00. ♪ [ music ] ♪ put your hands up in the air ♪ >> remember those videos about the bonuses and easy money at the gsa? investigative reporter russ has found out those bonuses there are three times bigger than anybody knew. 9 wants to know obtained the information even congress couldn't get. >> now we can see why they didn't want to give us the details. you've helped uncover incredible abuse of a bonus system. >> watch our investigation expose $30 million in unreported gsa bonuses right here tomorrow night. >>> so in light of all that, how does $5.25 an hour sound to attend summer school? that's right. paying kids to go to class right here in d.c. according to the washington examiner, the program pays rising 9th graders who are considered less likely than their peers to graduate on time. the examiner goes on to say only 53% of public school stu

stephen fuller. >>> now to decision 2012 and the race for the white house. one of the biggest issues for both candidates and voters is the economy. today federal reserve board chairman ben bernanke weighed in as jennifer johnson reports. his outlook was less than upbeat and that triggered more heated debate on the campaign trail. >> reporter: federal reserve chairman ben bernanke offered a sour assessment of the u.s. economy to the senate banking committee tuesday. evidenced by slowed job growth and little consumer spending. bernanke says the fed is ready to take more steps to boost the economy but offered no specifics. >> we have said we're prepared to take further action. the complication, of course, is that we are dealing with less conventional tools. >> reporter: bernanke says the fed can only do so much and warn the economy will struggle further if congress fails to reach a budget deal. that led to finger pointing by both parties and some predicting little cooperation to come. >> given the political realities, mr. chairman, particularly in this election

stephen fuller on behalf of the aerospace industries association has estimated private-sector job losses at over 1 million. faced with the process -- prospect of being forced to lay off four -- workers and give bad news to shareholders, industry leaders have been attempting to get more guidance from the administration. -- on how they will interpret and implement the law. to date, the guidance has been piecemeal. last fall, the pentagon stated that war funding would not be sequestered. then in may, the omb overruled and declared that while veterans' benefits woul be exempt, funding for the troops on the front line with not be exempt. in june 2012, secretary panetta met with various defense industry's executives to discuss the impact of sequestration on their operations and to gauge the current state of the industry in general. in addition, press reports indicate that the director of the office of management and budget met separately with heads of several major defense companies. unfortunately, it does not sound like industry learned much from those meetings. reports indicate omb does not

stephen fuller on behalf of the aerospace industries association has estimated private-sector job losses at over 1 million. faced with the process -- prospect of being forced to lay off four -- workers and give bad news to shareholders, industry leaders have been attempting to get more guidance from the administration. -- on how they will interpret and implement the law. to date, the guidance has been piecemeal. last fall, the pentagon stated that war funding would not be sequestered. then in may, the omb overruled and declared that while veterans' benefits would be exempt, funding for the troops on the front line with not be exempt. in june 2012, secretary panetta met with various defense industry's executives to discuss the impact of sequestration on their operations and to gauge the current state of the industry in general. in addition, press reports indicate that the director of the office of management and budget met separately with heads of several major defense companies. unfortunately, it does not sound like industry learned much from those meetings. reports indicate omb does not

stephen fuller on behalf of the aerospace industries association has estimated private-sector job losses at over 1 million. faced with the process -- prospect of being forced to lay off four -- workers and give bad news to shareholders, industry leaders have been attempting to get more guidance from the administration. -- on how they will interpret and implement the law. to date, the guidance has been piecemeal. last fall, the pentagon stated that war funding would not be sequestered. then in may, the omb overruled and declared that while veterans' benefits would be exempt, funding for the troops on the front line with not be exempt. in june 2012, secretary panetta met with various defense industry's executives to discuss the impact of sequestration on their operations and to gauge the current state of the industry in general. in addition, press reports indicate that the director of the office of management and budget met separately with heads of several major defense companies. unfortunately, it does not sound like industry learned much from those meetings. reports indicate omb does not