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Senate Majority Leader Harry Reid (D-NV) speaks at news conference at the U.S. Captiol on the eve of the budget sequester on February 28, 2013 in Washington, DC. - 

The now-infamous sequestration -- the $85 billion in automatic federal spending cuts -- kicks in today. 

Chris Low, chief economist of FTN Financial, joins Marketplace Morning Report host Jeremy Hobson to discuss the bad and the good that might come out of the process.

Follow Jeremy Hobson at @jeremyhobson