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Sequestration: A history

POSTED: 10:31 AM PST Feb 26, 2013    UPDATED: 05:36 AM PDT Apr 04, 2013 

Take a look at the history of sequestration from its first use in the 1980s to today’s cuts.

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Senate Democrats unveiled two proposals in mid-February that combined spending cuts with more tax revenue. One plan would raise taxes on on millionaires -- the so-called Buffett Rule -- and the other would close tax loopholes, but Republicans have made it clear they want no tax hikes.

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