Sequestration: DC's Weird Idea of Cuts

It's the dirtiest word in Washington right now: "sequester." Formerly wrapped up in the "fiscal cliff" that was poised to wreck America's economy at the end of the year, the dreaded "sequester" is the spending half of that taxes-and-spending equation: It amounts to across-the-board budget cuts that will strike in March barring an agreement on deficit reduction. The "sequester" is yet another deadline in a long line of fiscal-policy stalemates that have hounded the U.S. political system in the...Full Story