Automatic Reductions in Government Spending -- aka Sequestration
from CBO Recent CBO Publications
We have received many questions in recent days about the budgetary and economic implications of the automatic reductions in government spending that are scheduled to occur under current law (in technical terms, a sequestration). So, we thought it would be helpful to pull together our answers to some of those questions, incorporating information from our most recent economic and budget projections released earlier this month and from CBO’s recent Congressional testimony:

http://www.cbo.gov/publication/43961