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FBN’s Peter Barnes on why the wording in the sequestration law gives lawmakers an extra day to reach a deal.
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We thought to decrease.
In the increase of federal spending would be going into effect at midnight tomorrow but now it looks like we have an extra day -- -- -- from.
Peter -- inside about why go ahead Peter what is it.
Well hey David you remember you know than football you -- put time back on the clock right while the best political football we are gonna put some time back on the clock in the sequestration -- these -- The long -- it.
On March 31 one excuse -- march 1 when he thirteen the president shall order sequestration for fiscal 4013.
Therefore sequestration.
Can happen on March 1 -- ever the president orders it so if he's up tomorrow night all night and at 1201 on Friday.
AM wants to sign the sequestration order he can do it but he can also do it.
Any time during that day up to 1159.
On Friday so we are gonna get this timing right where adding one in four hours putting it back on the clock.
For the deadline for sequestration.
That -- -- -- and I thought everybody else is gonna have to stay working here until 1159 on Friday -- thanks a lot.
Ruined another week -- appreciated your -- -- to -- you my friend appreciate.
