After the 'sequester,' now what?

$85 billion in across-the-board cuts to defense and social programs took effect March 1. The cuts must occur this fiscal year, which ends Sept. 30. Here's how things look.

3. Q: What will Republicans do now?

They continue to describe the sequester cuts as modest. They compare them to the drop in take-home pay most workers suffered at the beginning of the year when a modest payroll tax cut expired.

"I don't know whether it's going to hurt the economy or not. I don't think anyone quite understands how the sequester is really going to work," said House Speaker John Boehner on NBC's "Meet the Press."

With no path to compromise visible, all that seems certain at the moment is that the United States will indeed find out how the sequester works and whether it damages the economy in the weeks and months ahead.

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