I really didn't know what was meant by "Sequester". Since I'm in mock trial right now, I thought the term had something to do with hiding or removing something so that it would be protected. But the term is loosely used to show the cuts to programs that will begin on March 1.
I found this article to be an outstanding list and explanation of all of the cuts and their impact.
I think this cartoon sums up the concept. Less spending means that growth will choked off.