Debate Over Potential Impact of Spending Cuts — Eric Spillman Reports

Severe cuts in federal and state spending are set to take effect on Friday if congress does not act.

Funding for numerous federal agencies and programs will be cut — half from defense and half from non-defense spending.

But disagreement exists over just how much of an effect the cuts would have on average households.

Democrats in the House are painting a doomsday picture, while some Republicans argue that the cuts will not be that bad.

KTLA’s Eric Spillman has the latest.