Just how much will the sequester cut? It depends on whom you ask.
The White House has been saying spending will be reduced by $85 billion this year, unless the automatic spending cuts set to take effect Friday are averted.
The Congressional Budget Office, however, just released a new report saying the cuts will only amount to $42 billion.
Why do they differ so much?
They don't, really. It's a technical difference, more than anything.