What is the Sequester?

With the many emergency fiscal deadlines, partisan battles and near economic crises the US citizens have been subject to over the last few years, it is easy to discount the importance of the Sequester.  The Sequester refers to automatic cuts to the federal budget that are projected to trim $1.2 Trillion dollars from the federal budget over ten years. In 2013 alone, this means that $85 Billion dollars will need to be cut from the federal budget. This would have a big impact on the economy, especially one experiencing a very slow economic recovery.

In order to give you a better understanding of this topic, I have attached a recent article from JP Morgan Asset Management for your review. If you have any questions, please feel free to call my office.

https://host148.agsdc.net/UCFiles_FAM/Attachments/JPM-MI-MB-Understanding_the_Sequester.pdf