The following are commonly asked questions regarding Sequestration under the Budget Control Act of 2011.
Q1: What is budget sequester?
A1: A budget sequester is when money that would otherwise be spent under current law is held back and is used instead for deficit reduction.
Q2: When does the Budget Control Act's deficit reduction sequestration take effect?
A2: The budget cut does not go into effect until January 2, 2013.
