It's an ominous term: "sequestration."
Tt's one of the latest hot-button phrases you may have heard out of Washington since "fiscal cliff" and "debt ceiling."
Sequestration is a series of automatic, government-wide spending cuts that could affect the military, education, even how long you wait in airport security lines.
The across-the-board cuts aim to reduce the deficit by $1.2 trillion over the next decade.
They were averted at the beginning of the year in the scaled-back fiscal cliff bill.
Congress and the president have less than two weeks to reach a deal before these cuts are due.
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