Hoosiers stand to lose money with sequester

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All the talk coming out of Washington today is about the so-called sequester. We now know how Indiana would be effected by the $85 billion in federal budget cuts set to take effect this week.

A White House report was released this weekend.  

Education stands to lose, with cuts in Indiana totaling $13.8 million in funding for primary and secondary education. 

Programs like Head Start and Early Head Start would be eliminated affecting about one thousand children here in Indiana.

Along with education, up to 600 disadvantaged children could lose access to childcare.

Other cuts on the line are about 11,000 civilian Department of Defense employees in Indiana. Those positions could face a furlough. Other military cuts are possible. And you can expect those popular shows by the Blue Angels canceled.

The cuts are said to take effect by the end of the week if an agreement isn't reached in Washington.

Some top Republicans accuse the Obama administration of exaggerating. 

"They have plenty of flexibility in terms of discretion on how they spend money," said Sen. Tom Coburn (R) of Oklahoma. "There are easy ways to cut this money that the American people will never feel." 

Cuts to crime prevention and education are also a possibility. 

At the national level, the Transportation Department warns it would have to furlough hundreds of air traffic controllers.

"Safety will not be compromised. But we will have to work with the airlines in slowing planes down," said Ray Lahood, Secretary of Transportation.

So it is likely to be a tense week for those whose jobs and funding are at stake.

See how Indiana will be affected if no compromise is reached by the March 1st deadline.