- Sequestration's steep spending cuts went into effect as Congressional leaders failed to approve a plan before last night's midnight deadline passed.
- The spending reductions will have significant impacts on student aid (though the Pell Grant is exempt from the cuts), research grants, aid for high schools' college preparatory and special education programs and federal employment and training programs for unemployed workers.
- Though it isn't likely to stop the first round of cuts, President Obama will meet with Congressional leaders Friday in an attempt to avoid the sequester.
From the article:
As the midnight-Thursday deadline came and went, steep federal spending cuts were set in motion, leaving college students, administrators, and researchers bracing for the effects of impending reductions in financial-aid, research, and job-training programs. Adding to the anxiety is the fact that no one is certain exactly how or when those effects will be seen. ...