Six months ago, sequestration seemed highly unlikely. Now, only two weeks ahead of election day, those across-the-board spending cuts keep drawing closer. Congress has not passed a budget extension, and Republicans and Democrats have not outlined any possible compromise.

"It was inconceivable that the brinkmanship would get so bad... as to let it happen," Washington Technology's Nick Wakeman wrote in a recent editorial. "But now I'm starting to doubt myself."

Wakeman discussed sequestration and other topics on Capital Insider.