The sequester put in place last year was supposed to be so unpalatable that both parties would have to come to an agreement. But House Speaker John Boehner (R-Ohio) tells the Wall Street Journal that, now that tax increases are dealt with, the defense cuts in the deal don't scare him.

He has significant Republican support, he said, for letting the defense cuts (along with drastic domestic spending cuts) take effect. "I got that in my back pocket," he said. The sequester is "as much leverage as we're going to get" to force Democrats to cut entitlement spending.