Republicans Working To Protect Defense From Automatic Spending Cuts

Republicans in both the House and Senate said they are looking for ways to protect the already diminishing defense budget from automatic spending cuts, set to go into effect in 2013.

President Obama has said he will veto any effort to halt the roughly $1 trillion in budget cuts to both domestic and defense programs. He insisted Congress come up with some plan that targets specific groups.

Shortly after the committee admitted failure, Republicans said they were already on track for reductions of $450 billion over 10 years.

Congress must also decide if they will extend unemployment benefits for long-term jobless and continue a payroll tax cut enacted last year to prop up the economy

They must also figure out what to do with Medicare's payment formula to prevent a 27 percent cut in doctors' pay starting January 1.