Sequester Will Be Reality
on February 28th 2013
The Senate rejected competing sequestration alternatives today, meaning that it will take effect tomorrow. President Obama is meeting with congressional leaders Friday, but no quick breakthrough is expected.
The effects will not be immediate, as CNN Money explains. It could be months before it is really felt. Find more sequester resources here.
Meanwhile, the next deadline is March 27, when the stopgap measure funding the federal government expires and a new agreement will be required to prevent a government shutdown. Replacing or changing the sequester will likely factor in those talks. And there are plenty more fiscal speed bumps ahead.
Top posts
- House Passes Budget Deal 12/12/2013
- A Budget Deal Is Reached, Time for Action 12/11/2013
- Movement Towards a Budget Deal 12/05/2013
- Stop Punting 11/26/2013
- Americans See Link Between Federal Budget and Personal Finances 11/25/2013