The broad, across-the-board spending cuts known as the sequestration are due to kick in on Friday, March 1, and the effects will be far-reaching. In this video, Motley Fool financial analysts Matt Koppenheffer and David Hanson discuss why the sequester is bad economics, which companies are going to be affected, and when we can expect to see the damage.
David Hanson has no position in any stocks mentioned. Matt Koppenheffer owns shares of Bank of America. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America, JPMorgan Chase, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.