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Article updated: 3/5/2013 7:36 AM

Q&A: Automatic spending cuts start with few initial effects

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Federal Reserve Chairman Ben S. Bernanke told the Senate Banking Committee on Feb. 26 that "this additional near- term burden on the recovery is significant."

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Across-the-board spending cuts to U.S. defense and domestic programs, known as sequestration, took effect on March 1. It will be a few weeks before the full effects are felt by federal agencies, defense contractors and the public. This gives negotiators more time to strike a deal. Here are questions and answers about the cuts and the status of budget talks in Washington.
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