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Blog: Sequestration Update

Mar 06, 2013 | By Marge Clark, BVM

Sequestration has gone into effect! It is a reality. What does it mean, and why did it become necessary?

The simple answer to the last question is that in August 2011 a deal was made, allowing the federal government to borrow money to continue paying the bills it had already accrued.  The Budget Control Act (BCA) was put into place. It did two BIG things:

  • Set spending caps for di