i'm tom hudson. the sequester is here and the federal government spending cuts will soon be enacted. >> susie: i'm susie gharib. good evening, everyone. we'll look at what sequester means for the u.s. economy, jobs and the markets and how long it may last. >> tom: one bright spot for the economy: auto sales. february was another strong month of sales. >> susie: that and more tonight on "n.b.r." >> tom: before midnight tonight, the sequester takes effect. those automatic spending cuts will trigger federal government furloughs, cuts in government contracts and cut backs in federal services. congressional leaders met with the president this morning to talk about the situation, but no one expected a break through and no one was disappointed. our washington bureau chief darren gersh tonight on what happened and what comes next. >> reporter: by now, you know how this story goes. after the last-minute meeting at the white house, the speaker emerges grim-faced. >> the discussion about revenue in my view is o

. >> tom: i'm tom hudson. those cuts come at a time when the economy is struggling to grow, the latest showing on g.d.p. shows growth but just barely. >> susie: and a big management change at groupon: c.e.o. andrew mason is out at the daily deals site he co-founded. >> tom: that and more tonight on "n.b.r."! >> susie: you know the economy is not very strong when analysts cheer because growth has been revised up by a "fraction," from a negative 0.10%. and with growth flat-lined, economists are wondering whether the upcoming budget cuts known as the "sequester" will derail the recovery. the good news is the cuts will take time to be felt. the bad news, as darren gersh reports, is the cuts will build in pain over time. >> reporter: in terms of its impact on the economy, the sequester is really more of a "slow" quester. the impact of the across the board spending cuts will take time to build and it could be months before its felt throughout the economy. students of government dysfunction say this is not the same a

i'm tom hudson.er is here and the federal government spending cuts will soon be enacted. >> susie: i'm susie gharib. good evening, everyone. we'll look at what sequester means for the u.s. economy, jobs and the markets and how long it may last. >> tom: one bright spot for the economy: auto sales. february was another strong month of sales. >> susie: that and more tonight on "n.b.r." >> tom: before midnight tonight, the sequester takes effect. those automatic spending cuts will trigger federal government furloughs, cuts in government contracts and cut backs in federal services. congressional leaders met with the president this morning to talk about the situation, but no one expected a break through and no one was disappointed. our washington bureau chief darren gersh tonight on what happened and what comes next. >> reporter: by now, you know how this story goes. after the last-minute meeting at the white house, the speaker emerges grim-faced. >> the discussion about revenue in my view is over. it's ab

. >> tom: i'm tom hudson. those cuts come at a time when the economy is struggling to grow, the latest showing on g.d.p. shows growth but just barely. >> susie: and a big management change at groupon: c.e.o. andrew mason is out at the daily deals site he co-founded. >> tom: that and more tonight on "n.b.r."! >> susie: you know the economy is not very strong when analysts cheer because growth has been revised up by a "fraction," from a negative 0.10%. and with growth flat-lined, economists are wondering whether the upcoming budget cuts known as the "sequester" will derail the recovery. the good news is the cuts will take time to be felt. the bad news, as darren gersh reports, is the cuts will build in pain over time. >> reporter: in terms of its impact on the economy, the sequester is really more of a "slow" quester. the impact of the across the board spending cuts will take time to build and it could be months before its felt throughout the economy. students of government dysfunction say this is not the same a

. >> tom: i'm tom hudson. those cuts come at a time when the economy is struggling to grow, the latest showing on g.d.p. shows growth but just barely. >> susie: and a big management change at groupon: c.e.o. andrew mason is out at the daily deals site he co-founded. >> tom: that and more tonight on "n.b.r."! >> susie: you know the economy is not very strong when analysts cheer because growth has been revised up by a "fraction," from a negative 0.10%. and with growth flat-lined, economists are wondering whether the upcoming budget cuts known as the "sequester" will derail the recovery. the good news is the cuts will take time to be felt. the bad news, as darren gersh reports, is the cuts will build in pain over time. >> reporter: in terms of its impact on the economy, the sequester is really more of a "slow" quester. the impact of the across the board spending cuts will take time to build and it could be months before its felt throughout the economy. students of government dysfunction say this is not the same a

i'm tom hudson.ster is here and the federal government spending cuts will soon be enacted. >> susie: i'm susie gharib. good evening, everyone. we'll look at what sequester means for the u.s. economy, jobs and the markets and how long it may last. >> tom: one bright spot for the economy: auto sales. february was another strong month of sales. >> susie: that and more tonight on "n.b.r." >> tom: before midnight tonight, the sequester takes effect. those automatic spending cuts will trigger federal government furloughs, cuts in government contracts and cut backs in federal services. congressional leaders met with the president this morning to talk about the situation, but no one expected a break through and no one was disappointed. our washington bureau chief darren gersh tonight on what happened and what comes next. >> reporter: by now, you know how this story goes. after the last-minute meeting at the white house, the speaker emerges grim-faced. >> the discussion about revenue in my view is over. it's