House Speaker John Boehner (R-OH) was shown on the March 3, 2013, episode of NBC’s Sunday program, “Meet the Press.” Speaker Boehner was interviewed in his office on Friday, March, 1, 2013, after his meeting with President Obama in the White House.*During this portion he talked talked about the impact on the economy of the automatic spending cuts known as sequestration.
“Sequestration,” a legal procedure in which every federal agency has the same percentage of its budget taken back in order to cut deficit spending, was agreed to in the Budget Control Act of 2011 and began March 1, 2013.