The US Capitol in Washington, DC, is seen February 28, 2013. Two competing bills aimed at averting huge spending cuts failed February 28, 2013 in the US Senate, virtually assuring that the USD 85 billion in indiscriminate, across-the-board cuts known as the sequester will kick in after the March 1, 2013 deadline. AFP PHOTO / Saul LOEBSAUL LOEB/AFP/Getty Images