The United States is now just 10 days away from Washington's latest deadline for forced across-the-board spending cuts - otherwise known as "sequester."
President Obama said something must be done.
"These cuts not smart, they are not fair, they will hurt our economy, the will add hundreds of thousands of Americans to the unemployment roles. This is not an abstraction. People will lose their jobs," Obama said.
Erin Burnett highlights two solutions:
Burnett says option number one has a decent chance of success citing the feared "forced cuts" or sequester are just 2.5% of projected total federal spending.
OutFront tonight: Daniel Altman, economics professor at New York University and Doug Holtz-Eakin, former director of the Congressional Budget Office.