by PAUL KRAWZAK, Roll Call

The question of how to replace the sequester — the $109 billion in automatic, across-the-board spending reductions set to start cutting into the budget at the start of the year — is emerging as a sharp point of conflict standing in the way of a fiscal cliff deal.

Conservative Republicans in both chambers are intent on replacing the cuts with alternative spending reductions, not tax increases. But many Democrats view revenue as a better replacement. Senate Republicans charge the proposal advanced by President Barack Obama last week would shut off the sequester without finding alternative cuts, which they say they will not accept.

Read more…