The sequester is $85 billion in across-the-board spending cuts that kick in this week unless Congress strikes a deal.
President Barack Obama is warning of national consequences, including layoffs and those cuts would have a dramatic impact on states revenues, which has Bay State lawmakers very concerned.
The sequester takes effect March 1 unless congress takes action to stop it. The Obama administration warns it would force about a million federal workers to take furloughs.
According to a report released by Malden Congressman Ed Markey, Massachusetts could lose 60,000 jobs, $127 million in federal research funding, and receive less money for 60 Bay State schools.
Markey and Congressman Stephen Lynch are both running in the special election and both are warning of severe consequences locally if the sequester is not avoided.
A few government services we rely on that would be hit include Medicare payments, which would get reduced. The transportation secretary says he'd have cut air traffic controllers, which would mean delayed flights across the country.
President Obama wants a combination of specific cuts and higher taxes. Republicans are only calling for spending cuts.
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