We also consulted three panelists: Chuck Close, Simon Doonan and Deitch for their expert view.

FORBES: The 30 Most Important Artists and Designers Under 30

With more than 1, 100 works by 185 artists, the collection focuses on 1960s contemporary art and includes a number of works from Andy Warhol, Roy Lichtenstein, Chuck Close and Gerhard Richter.

FORBES: Doris Fisher

Other photographs courtesy of Bill Ray, Anne Bowerman, Polaroid, Marie Cosindas, Nan Lane Rudolph, Chuck Close and the Pace Gallery, Mark Sink, Ted Voss, Danny Kim, Bonnier Corporation, David Levinthal, Patrick Nagatani and the WestLicht Collection, Jamie Livingston, Christopher Bonanos, Bradley Laurent and The Impossible Project, Danny Kim and John Reuter.

BBC: The Polaroid genius who re-imagined the way we take photos

The curator, Mary-Kay Lombino, has selected 39 artists and collectives some who gained notoriety in Polaroid's heyday (including Chuck Close, David Hockney, Robert Mapplethorpe, Joyce Neimanas, Lucas Samaras, Andy Warhol, William Wegman), as well as a good sample of young and less recognized figures (Anne Collier, Bryan Graf, Beatrice Pediconi, Grant Worth) who have continued to work with the process in the 21st century after they could have gone wholly digital.

WSJ: The Polaroid SX-70 as Sexy Tech | Frances Lehman Loeb Art Center | By Richard B. Woodward

Chuck Schumer, a New York Democrat and close ally of the White House, predicted that Republicans will eventually join Democrats to avoid the cuts.

NPR: White House Seeks 'Balanced Way' To Budget Fix

CNN's Devon Sayers, Chuck Johnston, Carma Hassan, Todd Sperry, Jeremy Moorhead, Mariano Castillo, Joe Sutton, and David Close contributed to this report.

CNN: Storms snarl traffic, batter Midwest and Northeast