spending cuts have been a concern for
They'll result in more than a trillion dollars in mandatory... across the board government spending cuts. Congress and The President agreed to it all... as a way to escape the debt ceiling crisis of 2011.
"The Senate hasn't passed a bill to replace The Sequester. The President gave a speech showing that he'd like to replace it, but he hasn't put any details out there," said Paul Ryan (R-Wisconsin). "So that is why I conclude I believe it's going to take place. But take a step back. We are here because The President back in the last session of Congress refused to cut spending in any place and therefore we wound up with The Sequester."
The Sequester kicks in March first.