Looking at the Florida impact, the White House says we stand to lose hundreds of millions of dollars in military spending. Jacksonville was named specifically in the report, saying our local bases would lose $135-million in aircraft maintenance. That's in addition to the 31,000 civilian employee furloughs and hundreds of millions of dollars in operating funds cut for the Army, Navy and Air Force in Florida.
Also, loan gurantees to small businesses would be cut by $900-million, $2.3-million for job search assistance, referrals and job placement could be lost. Education would see $86-million in cuts, with 750 teaching jobs on the chopping block.
Senior White House advisor Dan Pfeiffer says they're not asking for a "my way or the highway" approach.
"Not by raising anyone's tax rates, but by Republicans simply agreeing to a proposal Speaker Boehner championed just two months ago," said Pfeiffer.
Senator John McCain says, instead of demonizing lawmakers, the president should invite them to Camp David or the White House to hammer out a last-minute deal.
The president is expected to discuss the budget stalemate with the governors today at the White House.