The sequester and its federal budget cuts are just four days away. If Congress and the White House don’t act this week, $85 billion will be slashed from the federal budget on Friday. As the government gets closer to that deadline, the warnings about what the budget cuts would mean are getting louder.

Julia Coronado, chief economist with the investment bank BNP Paribas, joins Marketplace Morning Report host Jeremy Hobson to explain where the cuts will hit and their impact on the economy.