By Bruce Stokes, Director of Global Economic Attitudes, Pew Research Center
Special to CNN
The forced budget cuts, known in Washington as sequestration, are now in force in the United States and $85 billion in spending cuts are in the process of being implemented, with about half of them coming out of Washington’s spending on international engagement. The impact on America’s capacity for global leadership will not be felt overnight. But these reductions in defense spending, anti-terrorism activities, foreign aid and the budget for the State Department will shrink the U.S. footprint around the world, with consequences for the projection of both U.S. hard and soft power.