Sequester crisis? The sequester deadline has passed and the American economy lives on. Did Obama exaggerate the sequester's impact in his fight with Republicans to agree to tax increases to reduce the budget deficit?
In the lead up to a March 1 deadline, President Barack Obama portrayed the budget sequester as an economic doomsday for America. Administration officials warned of how cuts might impact the TSA. They said slashes to the FAA budget would mean fewer air traffic controllers. Officials even warned a plague might threaten American crops.