Alan Greenspan

It's All Politics
1:45 pm
Thu February 28, 2013

$85 Billion Versus $42 Billion: The New Sequester Argument

Originally published on Thu February 28, 2013 2:01 pm

Just how much will the sequester cut? It depends on whom you ask.

The White House has been saying spending will be reduced by $85 billion this year, unless the automatic spending cuts set to take effect Friday are averted.

The Congressional Budget Office, however, just released a new report saying the cuts will only amount to $42 billion.

Why do they differ so much?

They don't, really. It's a technical difference, more than anything.

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