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Now Playing: 3-1-13 Marketplace Morning Report

The dreaded sequester is finally here, and the Pentagon is facing a $50 billion budget cut. What does that mean for places that depend on defense spending? It's worth noting that this isn't the first sequester in U.S. history. If you ask people who were involved in sequesters-past, you'll find the bureaucratic challenges involved in carving up the budget can be tricky to deal with. And chef Tom Colicchio joins us to discuss his new documentary about hunger in America, A Place at the Table.