US financial crisis reaches tipping point ... again

By Lesley Russell
Updated April 18 2018 - 10:50pm, first published March 1 2013 - 3:00am

The United States is just hours from the onset of sequestration, a series of automatic, across-the-board cuts that are mandated to strip $US85 billion ($83.2 billion) from federal spending between March 1 and the end of the fiscal year, September 30.

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