Congress has not acted on the first of three "mini-cliffs" that resulted from January's fiscal cliff negotiation.
The next mini-cliff, scheduled to hit on March 27, will absolutely require action. If events in Congress remain at a stalemate, the effects for the U.S. could be devastating.
Read more: http://www.businessinsider.com/sequestration-cliff-government-shutdown-budget-march-27-congress-2013-2#ixzz2MJaiCQ37
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