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Up Close: Spending Cuts

February 24, 2013 10:32:25 AM PST
The clock is ticking once again toward a major budget crisis, this one called the sequester.

President Obama says thousands of police and teachers could be out of work unless Congress stops automatic cuts from taking effect.

So far, neither the White House nor Congress seems willing to make concessions.

This week, a look at what the $85 billion in across the board cuts could mean for our area.

Plus, we continue our conversations with the candidates for mayor of New York City, as we sit down with Democrat Bill Thompson, who came within 4 points of beating Michael Bloomberg four years ago.

And, turning disaster into cash.

We'll show you how victims of Superstorm Sandy can use their tax returns to get some money back fast.

The IRS is offering extra help for those affected by the storm.

Watch Up Close with Diana Williams every Sunday morning at 11:00 on Channel 7.

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