Uncertainty over FY’2017 spending bills have led some federal budget watchers to openly discuss the possibility of a sequestration in FY’17, depending on how current House or Senate proposals are finally enacted.  In its current form, spending legislation from the House of Representatives would trigger a sequestration, or automatic withholding of money, while the Senate version would not.  We’re still a long way from a final deal, but raising the specter of “the S word” now gives people a chance to not only prepare, but encourage budget negotiators to exercise some common sense and restraint before an estimated $17 million from defense accounts and $775 million from civilian agencies is trimmed away.  Clouding the picture are the November elections.  House leaders could decide to make a political point, for example, if results don’t go there way, figuring that now will be the last time they could make a serious impact for some time.  We weren’t supposed to be back in this situation so quickly, but federal spending does not always follow traditional business models.  Prepare accordingly.