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ROBIN ROBERTS (ABC NEWS) (Off-camera) As it often is. All right, Morgan, thank you. Now to the Federal Reserve, set to announce its first interest rate decision of the year, this afternoon. Elizabeth Schulze is here with what we might expect. Good morning to you, Elizabeth. [ABSTRACT FROM PUBLISHER]

MICHAEL STRAHAN (ABC NEWS) (Off-camera) All right, George. Now to UPS, the company says it plans to cut thousands of jobs in a bid to save $1 billion. Morgan Norwood is here with the details. Good morning, Morgan. [ABSTRACT FROM PUBLISHER]

ROBIN ROBERTS (ABC NEWS) (Off-camera) And, George, now to Wall Street. The market reacting favorably ahead of President Trump's tax plan reveal. The DOW Jones enjoying its best two-day stretch since November, closing up more than 230 points on Tuesday. And Nasdaq also rallying. Our chief economics correspondent Rebecca Jarvis has those details for us. Good morning, Rebecca. [ABSTRACT FROM PUBLISHER]

ROBIN ROBERTS (ABC NEWS) (Off-camera) Let's go right to our senior White House correspondent Cecilia Vega for more on what the President's plan includes. Good morning, Cecilia. [ABSTRACT FROM PUBLISHER]

ROBIN ROBERTS (ABC NEWS) (Off-camera) But, in this last half hour, we're gonna turn, we're gonna turn back time. Remember when Jack did that and ruined it? Turn back time. [ABSTRACT FROM PUBLISHER]

JOSH ELLIOTT (ABC NEWS) (Off-camera) Certainly terrifying. And again we'll have updates as news warrants. Thank you for that, Sam. We turn now to Washington, DC, where it is deadline day for those massive federal budget cuts due to take effect just before midnight tonight. [ABSTRACT FROM PUBLISHER]

JOSH ELLIOTT (ABC NEWS) (Off-camera) All right, George, we'll be right back with you. But we're gonna begin now with the headlines of the morning. And it's that fierce storm that Sam's been telling us about all morning long, bearing down now on more than 20 states. [ABSTRACT FROM PUBLISHER]

DAN HARRIS (ABC NEWS) (Off-camera) Thank you, Ron. Appreciate it. Six days to go before the March 1st deadline when $85 billion in automatic federal budget cuts will kick in. The Obama administration now issuing some apocalyptic warnings, talking about more forest fires, a weaker military, massive flight delays, even a shortage of chicken. But how will this political showdown really impact your bottom line? ABC's David Kerley is at the White House this morning. David, good morning to you. [ABSTRACT FROM PUBLISHER]

BIANNA GOLODRYGA (ABC NEWS) (Off-camera) No one is, indeed. All right, well for more on the big White House meeting and what could happen next, we want to bring in John Avlon, senior political columnist at "The Daily Beast." You've been a busy man covering all of this. How do you see this playing out over the next few days? [ABSTRACT FROM PUBLISHER]

ANNOUNCER (Off-camera) People all over the world worried. Jim Sciutto, thank you for your reporting this morning. Let's bring in ABC News senior political correspondent Jon Karl who's been all over this story from the jump. Jon, we've got the Boehner plan and the Reid plan. Everybody in Washington knows neither of these things can pass, so what, if anything, is being done right now to craft some sort of compromise? [ABSTRACT FROM PUBLISHER]

GEORGE STEPHANOPOULOS (ABC NEWS) (Off-camera) We're gonna go to Washington now, where later today President Obama will lay out his new plan to get America's fiscal house in order. Despite last week's budget deal, the deficit will hit a new high this year, $1.6 trillion. [ABSTRACT FROM PUBLISHER]

GEORGE STEPHANOPOULOS (ABC NEWS) (Off-camera) Okay. We're gonna turn now to Washington, Robin, where the dust still hasn't settled from last week's budget standoff, which just barely avoided a government shutdown. [ABSTRACT FROM PUBLISHER]

BIANNA GOLODRYGA (ABC NEWS) (Off-camera) It's not over yet. So let's go right to our senior political correspondent, Jon Karl, who had a ringside seat for all of this. He's in Washington for us this morning. And, Jon, you've been following every tick tock of this battle, and it really did come down to the wire. [ABSTRACT FROM PUBLISHER]

GEORGE STEPHANOPOULOS (ABC NEWS) (Off-camera) You know, that potentially explosive issue of congressional pay is just one of the topics I covered in my exclusive interview with Speaker Boehner. [ABSTRACT FROM PUBLISHER]

GEORGE STEPHANOPOULOS (ABC NEWS) (Off-camera) Okay. Dr. Besser, thanks very much. We're gonna go back to Washington now, where Tea Party forces are rallying at the Capitol today, demanding that the Republicans they helped elect last November follow through on big budget cuts. [ABSTRACT FROM PUBLISHER]

ROBIN ROBERTS (ABC NEWS) (Off-camera) And now, five things you can do to get your finances in order. Our next guest is a self-proclaimed organization junkie. You've seen him on "The Oprah Winfrey Show," helping people clear out the clutter in their homes. But, this morning, Peter Walsh is going to help us clear out what he calls the financial clutter in our lives. It's one of the many ideas in his latest book, "Enough Already," clearing mental clutter to become the best you. [ABSTRACT FROM PUBLISHER]

CHRIS CUOMO (ABC NEWS) (Off-camera) Thought I was gonna have to take that fairy down, Robin, but thankfully the interview went well. Good morning again, everybody. [ABSTRACT FROM PUBLISHER]