Live Chat: What is the Sequester and Why Should You Care? What is the sequester? And what does it mean to you and your community? ABC's Z. Byron Wolf will be joining the Yahoo! News team to demystify the oddly names set of automatic budget cuts that are set to start kicking in March 1st. Join us in the box below at 12:30 p.m. Meantime, here's some prep reading: Related: 57 Horrible Things That Will Result from Sequester Related: Devastating Sequester Cuts? Give Me A Break Related: What is the Sequester?