The country’s leadersat lastended a ludicrouslyirresponsible boutoffiscalbrinkmanship, removing the threat of globalfinancialArmageddon by agreeing toraisethe federaldebtceiling.
Congress and the White House agreed to the sequestration cuts as part of the 2011 debt ceiling deal that ended a showdown over whether to increase the federal government's borrowing limit to meet its obligations.
In the 2011 debt ceiling deal that ended a showdown over whether to increase the federal government's borrowing limit to meet its obligations, Congress and the White House agreed to include the automatic spending cuts of sequestration as motivation to pass a comprehensive deficit-reduction plan.