Massive spending cuts set to take effect

Published On: Feb 28 2013 10:13:42 PM CST   Updated On: Feb 28 2013 10:20:19 PM CST

Feb. 28, 2013: The sequestration has been pushed back 24 hours. President Barack Obama pushed the time the cuts go in effect to Friday night about 11:59 p.m. Bill Balleza reports.