‘Fiscal Cliff’ Bill Sets March Sequestration Dates -- Defense News
After Pentagon and industry officials remove the cellophane from their 2013 calendars, they should circle two dates in red: March 1 and March 27.
The Senate-passed fiscal cliff and sequestration deal brokered by Senate Minority Leader Mitch McConnell, R-Ky., and Vice President Biden sets a March 1 deadline for the passage of legislation that substantially cuts the federal deficit.
If Congress and the White House fail to act by March 1, across-the-board cuts to planned Pentagon and domestic spending would be implemented via sequestration on March 27, according to the legislation.
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