With the deadline having come and gone with no real action from Congress, sequestration
is now the reality of the U.S. economy. Originally designed as an
unthinkable, unacceptable,
avoid-at-all-cost-because-it's-too-horrible-to-contemplate “trick,” in
order to force Congress to negotiate and achieve long-term plans for a
better balance between spending and revenue generation (taxes), Congress instead decided to think the unthinkable and let it happen.
Please continue here:
http://www.investopedia.com/articles/investing/031513/sequestration-what-will-it-do-and-what-should-you-do.asp
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