The former Commerce Secretary and financier has warned of danger from the nation's long-term debt for years, and financed a campaign to address it.

The automatic budget cuts won't happen all at once.

Although Congress has avoided several fiscal deadlines in the eleventh-hour in the last few months, many political analysts are not optimistic a sequester deal will be struck.

As the government gets closer to the sequester deadline, the warnings about what the federal budget cuts would mean are getting louder.

Deputy Secretary of Defense Ashton Carter says the mechanism of the sequester cuts to the Defense Department is "dumb."

President Obama goes to a shipyard next week where the USS Abraham Lincoln is awaiting refitting. An aircraft carrier is a great background for everything from presidents to Cher.

The Weekly Wrap considers a better way to describe the sequester cuts coming next week.

Former Senator Phil Gramm (R-TX) first used 'sequester' in a budget bill during the Reagan years. He still likes the term and the idea.

Cuts in defense spending as part of the sequester could ripple to suppliers outside the U.S.

The president gave interviews Wednesday to eight local TV stations in markets with a lot at stake in the fight over the across the board budget cuts.