Morning Update: Panic

There is real panic out there, over cuts that represent just over 2% of the federal budget. But when you factor in budget increases that are also scheduled, we’re not talking any actual cuts at all. We’re only talking about a reduction in the rate of growth.

Obama Doesn't Have Courage to Lead

RUSH: He is succeeding beyond his wildest dreams, and at the same time he is accomplishing one of the primary objectives that he's had as a politician since he got into the business, and that is eliminating all opposition. He's not interested in compromise.

CNN Slips Up on Sequester Coverage

BORGER: If you notice, Wolf, the president kept calling this "a manufactured crisis." Well, in fact, it was manufactured right here in Washington by the president of the United States.