All you need to know about sequestration but were afraid to ask

You changed the channel, you clicked away from the headlines, and you tried to ignore it. But the sequester can no longer be avoided. On March 1, the latest dysfunctional deadlock in Washington will trigger $85 billion in automatic cuts to federal spending over the next seven months, a reduction of about 2.4%. Pretty much anyone in any position of authority--Democrat or Republican--agreed this was a terrible idea when the law was written in 2011. Forecasters say the cut, if fully enacted, would slow U.S. economic growth by half a percentage point this year. But elected leaders are not yet ready...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!