FT: US faces fresh financial shock

• Paul Ryan, on NBC’s “Meet the Press”: “I think the sequester is going to happen,”
• The sequester is $1.2tn in automatic spending cuts
• The FT article says the $1.2Trillion in cuts threaten a shock of confidence to the US economy

Welcome to the week

US faces fresh financial shock (FT article, gated – try a news search on the headline – but the points above are the main gist of the article)