Sequestration Procedures Under the 1985 Balanced Budget Act

Publication Date: September 2001

Publisher: Library of Congress. Congressional Research Service

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Research Area: Banking and finance

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Abstract:

The sequestration process, which involves automatic, largely across-the-board spending reductions made toward the beginning of the fiscal year, was established under the Balanced Budget and Emergency Deficit Control Act of 1985 as a means to enforcing deficit targets.