Feb 25, 2013
| Last Updated
RGE Chairman Nouriel Roubini and the RGE Macro Strategy team discussed the near-certain sequestration beginning on March 1 and it's uncertain subsequent fate. Sequestration is an unfavorable outcome for both sides. Democrats will seek to avoid the sharp reduction in discretionary spending and replace sequestration with some revenue increases alongside spending cuts, since only part of their mandate to boost revenues was achieved in the fiscal cliff mini-deal. Meanwhile, Republicans will want to avoid the cuts to defense spending implied by sequestration, and will be averse to[...]
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