By Aaron Trippler
As was expected, the Senate has rejected both a Democratic proposal and a Republican proposal that would have stopped sequestration from taking effect. As it now stands, sequestration will happen at midnight—$85 billion to be cut now through the next seven months. Of course, much of this will not be seen for several weeks. There is still hope that Congress will vote to stop the sequester when they take up the expiration of the Continuing Resolution that expires March 31. Congress must address the Continuing Resolution or the government will shut down April 1 because there would be no authority to spend any more money—as no budget would be in place.
It’s starting to sound like a broken record if you ask me.