What The ---- Sequester?
Another Washington temporary fix which was put in place on Jan. 1st, moved the new date of the Budget Sequestration to March 1st. On 3/1/13 $85.3 billion will be automatically trimmed from the federal government’s 2013 budget unless Congress acts to avert that legislation.
The US runs out of money on March 27th and hits the debt ceiling in May, at which point we would all begin defaulting on loans.