MADISON (WKOW) -- President Obama will meet with congressional leaders Friday in hopes of avoiding $85 billion of federal cuts which are scheduled to take effect Friday night.
White House officials say they'll put off cuts until as close to midnight as possible.
No one knows exactly how the sequester will affect Wisconsin. The State Journal predicts things like higher education and low income housing could take a hit.
According to Madison.com, Dane County estimates a loss of more than $450,000 in federally funded programs such as social security and affordable housing.
UW-Madison stands to lose about $34 million in future research grant awards and federal student financial aid.
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