The economy shrunk in the fourth quarter — for the first time in three years — and one of the critical reasons was a drop in defense spending. Apparently, contractors took precautionary steps and held onto money in case the federal government failed to avert the fiscal and tax crisis known as the fiscal cliff.
But there's now a new deadline — automatic budget cuts, known as sequestration, which may hit at the beginning of March.
The Obama administration has issued a proposal detailing how coverage for contraception will be paid for under Obamacare. The health overhaul law requires insurance plans to provide birth control coverage, but those opposed to artificial contraception argue they should not be made to use their own funds to pay for it. Audie Cornish talks to Julie Rovner.