By using this website you allow us to place cookies on your computer. Please read our Privacy Policy for more details.
Publication Date: September 2001
Publisher: Library of Congress. Congressional Research Service
Author(s):
Research Area: Banking and finance
Type:
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.