President Barack Obama talks sequester woes in Virginia shipyards (Watch live)

As the sequester deadline nears, President Barack Obama will speak about its impact on jobs and middle class families from a Virginia shipyard. Watch live starting at 1:05 p.m. ET The sequester is a package of $85 billion in automatic budget cuts that will go into effect Friday unless Congress takes action. Virginia is among those states that would be most affected by the spending cuts, according TD Waterhouse. Specifically, the state's shipbuilding industries are projected to suffer. The Navy ...