The U.S. economy does not appear to be taking a grave hit from the sequestration cuts, some experts say, and that may be partly due to a delay in their implementation and the fact that agencies have some leeway in how they're carried out. "The cutbacks are still real, they'll be identifiable," said Stephen Fuller, director of the Center for Regional Analysis at George Mason University. "But I don't think they'll be as noticeable to John Doe Citizen. They'll be spread out and more likely absorbed within the expanding economy."

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