NIST

The OMB has reported on the effects of sequestration that will be triggered Jan 2013 unless Congress proactively changes the law before then. Some time ago, Congress set itself a trap: in an attempt to look like they were dealing with government spending and the deficit, they passed a law that triggers automatic cuts to spending, unless Congress agrees and passes laws that make concomitant targeted cuts or revenue increases to decrease the deficit. The nominal cuts are about $1.2 trillion, over a decade, cut from the projected budget in the out years, and are, by design flat across-the-board…