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Congressional leaders have not put together enough votes to avoid sequestration. Photo of Speaker Boehner licensed under creative commons
All signs point to sequestration taking effect as scheduled tomorrow, March 1. (For all the background on sequestration, check out our Fiscal Cliff II resource page.) To bring you up to date, here are alternatives to sequestration that have been proposed by both parties:
None of those proposals had enough votes to pass, meaning that the cuts are likely to take effect on Friday as scheduled. This afternoon, in a last-minute effort, Rep. John Conyers (D-MI) has introduced a one-sentence bill to repeal sequestration.