Ohio Lawmakers Weigh in on Spending Cuts Deadline

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CLEVELAND-- The clock is ticking in Washington for a deal to avoid forced spending cuts, known as sequestration.

The White House is warning the cuts could cost jobs nationwide and here in Ohio.

President Obama is making a plea to Congress to take action, warning of cuts in education, transportation and the military, which he says would only slow down the economy.

Here in the Buckeye State, if sequestration goes into play, the state will lose $25 million in funding for primary and secondary education, putting hundreds of teachers' jobs at risk.

26-thousand civilian Department of Defense employees would be furloughed.

Hundreds of thousands of dollars in law enforcement grants would be wiped out and the Federal Aviation Administration could lose $600 million in funding, with hundreds of jobs, like air traffic controllers, in jeopardy.

Republican Congressman Jim Renacci tells FOX 8 if an agreement isn’t reached by the deadline, nothing will happen overnight.  Renacci says, "We won't see much happening on Friday when you hear all this, but what we can do is we need to look at places where we need to cut. The House Republicans and the House passed two bills last year to actually replace the $1.2 trillion of cuts with other cuts."

But Democratic Senator Sherrod Brown says lawmakers have already offered the senate a balanced package where certain cuts could save the country billions.

"Cuts to things like farm subsidies, make some cuts in other programs in defense and we bring in some revenues by closing tax loopholes.  There's no reason why oil companies should still get tax breaks, the wall street hedge fund managers should get these kind of tax breaks," said Brown.