It's not clear what Congress will decide to do about the sequester after the two months are up. If left in place for the whole year, the sequester would have reduced spending authority in 2013 by roughly $110 billion.
Fiscal cliff bill stops many tax hikes, but leaves big issues pending
Debt ceiling, long-term reform left unresolved
POSTED: 11:27 PM PST December 31, 2012
UPDATED: 8:42 PM PST January 1, 2013
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