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OMB to Congress: Sequestration impact 'real,' but furloughs not immediate
Obama administration officials are painting a bleak picture of how federal agencies would fare under sequestration, the automatic budget cuts slated to go into effect in two weeks. The Senate Appropriations Committee heard testimony from several Obama administration officials about the consequences of the cuts, which are set to take effect March 1. However, Danny Werfel, controller of the Office of Management and Budget, emphasized to the committee that employee furloughs would not be immediate.