Take a look at the history of sequestration from its first use in the 1980s to today’s cuts.
The result was a compromise crafted in August 2011: In exchange for raising the debt ceiling, a bipartisan committee (which came to be known as the supercommittee), would craft legislation that would cut future spending by $1.2 trillion over 10 years.
REUTERS/San Lorenzo soccer club/Handout
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