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Sequester

Posted: February 19, 2013 3:44 p.m.
Updated: February 20, 2013 5:00 a.m.

The government sequester which is set to take place next week unless Congress can agree on budgetary matters has been a source of countless news reports. In simple terms, it’s a way of dealing with government spending cuts, and it’s newsworthy -- and imminent -- because of the failure of Congress to come to an agreement on fiscal policy. It’s looming now because the “fiscal cliff” agreement made not long ago didn’t solve the country’s spending problems.


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