What does sequestration cut

Bookmark the permalink. Search for:. Enter your email address to follow this blog and receive notifications of new posts by email. GAO is an independent, nonpartisan agency that works for Congress. Often called the "congressional watchdog," GAO investigates how the federal government spends taxpayer dollars. Powered by WordPress. Loading Comments Email Required Name Required Website. Sorry, your blog cannot share posts by email. Final Sequestration Report for Fiscal Year January 13, Sequestration Update Report: August August 13, Without that assumption, the sequester would have zero further impact on our long-term debt beyond a small impact on interest costs, evaporating just at the time when our debt problems become more severe.

For these reasons, replacing even part of the sequester with permanent savings could have substantial beneficial effects on our long-term debt. FY Budget.

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What Is Sequestration? Key Takeaways Sequestration is a U. The BCA sets targets for deficit reduction and caps on the increase in federal spending in each year from to If spending exceeds these caps, the government is supposed to limit planned increases in spending by a percentage determined as laid out by the law. In practice, most federal spending is exempt or otherwise not subject to limit by sequestration as Congress continually raises its own spending caps and legally exempts new categories of spending.

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