Businesses in every state will be keeping an eye on Washington over the next few weeks. The continued political stalemate there increases the possibility that automatic, across-the-board federal spending cuts will kick in on March 1st.
Nearly half of those the cuts would hit the military and California has a lot at stake, with its large numbers of bases, research facilities, and contractors. For The California Report, Erik Anderson of KPBS recently attended the largest military trade show on the West Coast and found lots of people talking about the "s-word." Sequestration.