Sequestration Impact on Maine
What is sequestration? (From Maine.gov)
In current discussion, “sequestration” or “the sequester” are terms used to describe the automatic budget cuts passed into law under the Budget Control Act in August 2011. The Act contained new agreements on spending levels and the debt ceiling and created a Congressional Debt Supercommittee (formally known as the Joint Congressional Committee on Deficit Reduction). This Supercommittee, made up of members from the House and Senate on both sides of the aisle, was instructed to cut at least $1.5 trillion from the federal budget. If the Supercommittee failed to present an agreement containing cuts of at least $1.2 trillion over the next 10 years, the Act would trigger automatic budgetary cuts.
Scroll through the cuts listed below as outlined by the White House:
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