Countdown to Sequestration

With five days to go, sequestration was front and center for both federal lawmakers and state executives on Sunday.

Senators Tom Coburn (R-OK) and Claire McCaskill (D-MO) agreed that there does not seem to be a viable plan in the works to avoid the March 1 deadline when spending cuts are scheduled to kick in.  

Senator McCaskill argued that there probably is not even a plan that could pass the Republican controlled House, citing a "civil war among the ranks" of Speaker John Boehner's caucus.

A disagreement over a plan to avert the cuts is not the only debate in Washington though. There is a difference of opinion as to how harmful the cuts would be to the economy.

Senator Coburn said the president is “absolutely” exaggerating the impact of these cuts.

“Give me a break” that you cannot make these cuts without harming the public, Coburn said, adding that “not cutting will be disasterous” for us.

Senator McCaskill took the oppposite view.

There is "no question these cuts are going to be painful, and they are thoughtless," she said.

However the,  "biggest danger is we have a dysfunctional Congress who cannot compromise," she added.

Two of the nation's governors joined "Fox News Sunday" to weigh in on the impact of sequestration facing their respective states.

Coupled together with the recent tax increases, Governor Scott Walker (R-WI) said cuts would pose a problem for those in his state, and he called for a "better alternative."

Governor Jack Markell (D-DE), the chair of the National Governors Association, said he did not think "there's any doubt" that severe cuts could send states back into recession.