Take a look at the history of sequestration from its first use in the 1980s to today’s cuts.
The supercommittee failed. Without a better plan, the spending cuts were supposed to go into effect Jan. 1, 2013 -- the same time tax cuts passed under President George W. Bush in 2002 were supposed to expire. Economists and others feared the combination of huge spending cuts, tax hikes and an economy still struggling to recover hitting at the same time would create a huge blow to the economy: the so-called fiscal cliff.
National Archives and Records Administration
REUTERS/Ibraheem Abu Mustafa
From the Curtis Family
Warner Bros. Television
Walt Disney Productions
It's easy to upload your photos and/or videos on News8000.com. Once you do, we'll share your upload with the community!
No email address was supplied by
To complete your registration on this site, please supply an address.
Please confirm or modify the email address to which you will have subscription offers sent.
For a more personalized experience, please supply the following optional information.