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FEB 07, 2013 - Business Insider

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Here's Why The Sequester — 'The Bomb That No One Wanted To Drop' — Is Now On The Verge Of Happening

Pressure is starting to build on both sides of the political aisle to avert the massive, $1.2 trillion across-the-board cuts set to kick in starting March 1 as a result of the looming sequester.  But how did this all happen? In his September 2012 book, The Price of Politics, Washington Post reporter Bob Woodward provided the most comprehensive, behind-the-scenes look at how the very people trying to stop it now are the same ones who proposed the idea and signed it into law in the summer of 2011. According to Woodward, the idea started with the White House and President Barack ... Read More

Tags: Here's Why The Sequester — 'The Bomb That No One Wanted To Drop' — Is Now On The Verge Of Happening,  John Boehner Latest News