Gordon Adams and Dan Goure talked about the effects sequestration could have on defense budget and national security policy. They also responded to telephone calls and electronic communications.
“Fiscal cliff” referred to the impending tax increases and sequestration budget cuts at the end of 2012 if Congress failed to reach a new budget agreement. "Sequestration," a legal procedure in which automatic budget cuts are triggered, was agreed to in the Budget Control Act of 2011.