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The Impact of the Sequester

Fiscal Showdown Myths and Facts

On 'Fix the Debt'

Background

No More Manufactured Crises—Disarm the Hostage Takers

Key Dates

  • Across-the-board "sequestration" cuts began
  • Continuing Resolution expires; Republicans threaten government shutdown
  • Suspension of debt ceiling ends; GOP threatens to cause default
  • U.S. Treasury hits debt ceiling, defaults on loans

How Did We Get Here?

Congressional Republicans held the economy hostage in the summer of 2011 with a manufactured crisis. They threatened to tank the U.S. economy and allow America to default on its obligations—and they're doing it again.

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