The American Alliance of Museums (AAM) sent the following email on March 5, 2013.
Sequestration: What It Means for Museums
On Friday, March 1, $85 billion in across-the-board federal spending cuts were triggered, a process commonly called “sequestration,” which is now affecting nearly every agency throughout the government. For most agencies that support museums, (including IMLS, NEA, NEH and NSF) this means a five percent cut in their annual funding, including a reduction in grant-making activities for the year ahead.
Full article: http://www.collegeart.org/advocacy/2013/03/05/sequestration-what-it-means-for-museums/