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Politics: Fiscal Cliff / Sequestration / Small Contractors #1033781

CBS Evening News for Sunday, Nov 11, 2012
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(Studio: Jeff Glor) The spending cuts that would be triggered by the "fiscal cliff" cited. [On "Face the Nation," Senator Lindsey GRAHAM†, White House advisor David AXELROD - comment on the issue.]

(Pentagon: David Martin) The across the board cuts that would be triggered for the Pentagon by "sequestration" examined. [Secretary of Defense Leon PANETTA- calls it a disaster for national defense.] Panetta's letter to senators about the military downsizing that would result quoted. [In debate, President OBAMA - cites US military spending.] [Center for Strategic and Budgetary Assessments Todd HARRISON†- criticizes the planned cuts via "sequestration."]

(Studio: Jeff Glor) The role of small contractors in the federal marketplace that could be hit by spending cuts examined; statistics cited. [US Technologies military contractd manager Lowell VAN'T SLOT††- reacts to possible layoffs and order slowdowns.] [Small Business Technology Council Jere GLOVER†- predicts catastrophic impacts on businesses.]

Glor, Jeff;
Martin, David

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