Yahoo! — When $85 billion in broad spending cuts went into effect in March the world didn't end. Kids weren't kicked out of school en masse, hundreds of thousands weren't laid off, the economy didn't tank. Sequestration was overhyped and the deluge never came. But it may begin to pour this summer. (Politics)

CBS News — Sen. Chuck Grassley, R-Iowa, says despite the sequester, the IRS is making a deal with its employees' union to pay out bonuses (Politics)