National Governors Association Vice Chairman Gov. Mary Fallin of Oklahoma, left, with Chairman Gov. Jack Markell of Delaware, speaks during a special session of the National Governors Association 2013 Winter Meeting in Washington, Sunday, Feb. 24, 2013. Governors Sunday roundly condemned the automatic budget cuts set to take hold this week, and hoped for a deal to stave off the $85 billion reduction in government services. (AP Photo/Manuel Balce Ceneta)
FILE - In this Feb. 20, 2013 file photo, Health and Human Services Secretary Kathleen Sebelius accompanied by Philadelphia Mayor Michael Nutter ,speaks about the federal health care overhaul during a news conference at City Hall in Philadelphia. President Barack Obama and congressional Republicans each seem content with the political ground they hold and are prepared to let across-the-board spending cuts take effect on March 1, unlike during earlier rounds of budget brinkmanship that saw last minute frantic dealmaking. This time, there is no market-rattling threat of a US. default to force the two sides to compromise, no government shutdown on the short-term horizon and no year-end deadline to prevent a tax increase for every working American. (AP Photo/Matt Rourke, File)
This photo taken Feb. 22, 2013 shows Transportation Secretary Ray LaHood briefing reporters regarding the sequester, at the White House in Washington. President Barack Obama and congressional Republicans each seem content with the political ground they hold and are prepared to let across-the-board spending cuts take effect on March 1, unlike during earlier rounds of budget brinkmanship that saw last minute frantic dealmaking. This time, there is no market-rattling threat of a US. default to force the two sides to compromise, no government shutdown on the short-term horizon and no year-end deadline to prevent a tax increase for every working American. (AP Photo/Charles Dharapak)
Stocks dropped sharply as investors worry that Italy could be seized with political paralysis, stymieing the country’s economic reforms and causing another flare-up in the region’s debt crisis. The Dow Jones industrial average plunged 216 points to 13,784 Monday, a loss of 1.6 percent and …