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Sequestration is now very likely. Your Intercepts correspondent was away at a somewhat secure, somewhat undisclosed location for a few days celebrating Christmas. Upon his return, the likelihood that massive defense cuts will be triggered this week seemed to grow exponentially.

President Obama met with House and Senate leaders in the Oval Office on Friday afternoon, seeming to read them the riot act about getting enough of a deal done to avoid the so-called fiscal cliff. But, as we noted in a piece posted Friday evening, none of the players involved in crafting the eleventh-hour plan uttered the word sequestration nor the phrase defense cuts.

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White House Says No Defense Programs Are Immune to Cuts -- Bloomberg
Fiscal cliff leaves contractors guessing -- DoD Buzz
Defense contractors mum as nation nears 'fiscal cliff' -- Star Telegram
Pentagon, defense industry brace for looming spending cuts -- FOX News
Defense Industry Seeks Relief as Fiscal Cliff Draws Near -- Bloomberg Businessweek
Defense sector braces for ‘self-amputation’ -- Politico
Senate Leaders Aim for Cliff Deal by Sunday; Still Unclear if DoD Cuts Will be Avoided -- Defense News
Big Defense Cuts Are Coming, Regardless of the Fiscal Cliff -- US News and World Report
Time running out on defense industry efforts to avoid sequestration cuts -- The Hill
Saving The Defense Industrial Base -- Marion Blakey, Aol Defense
Defense Contractors Wait to Hear About Budget Cuts -- Reason.com
America's Superpower Status Goes Over The Fiscal Cliff -- Mackenzie Eaglen, Aol Defense

My Comment: At least some people are not going to be affected.