On March 2, the sequester spending cuts will start clamping down unless Congress votes to avert them. And on Friday afternoon, the White House explained just how those cuts would work.
The sequester, recall, will cut $85.3 billion from the federal budget in 2013 and affect everything except Social Security, Medicaid, a few targeted anti-poverty programs, and the ongoing wars. The Pentagon budget would face an immediate 7.3 percent cut and domestic discretionary programs would be cut by more than 5 percent.
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