Speaker John Boehner (R-OH) listens to President Barack Obama speak before a budget meeting at the White House with other cabinet members on November 16, 2012 in Washington, D.C. - 

There are less than three weeks to go until Washington's latest budget deadline. It's called the sequester and it involves $85 billion dollars in spending cuts.

Julia Coronado, chief economist with the investment bank BNP Paribas shares her thoughts on the economic impact of the sequester. 

Follow Jeremy Hobson at @jeremyhobson