GAO Glossary of Terms Used in the Federal Budget Process (September 2005)

Balanced Budget and Emergency Deficit Control Reaffirmation Act of 1987

Amended the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm- Rudman-Hollings) to extend the date for achieving the goal of a balanced budget until fiscal year 1993, revise sequestration procedures, and require the Director of the Office of Management and Budget (OMB) to determine whether a sequester is necessary. (See also Budget and Accounting Act of 1921; Budget Enforcement Act; Gramm-Rudman-Hollings; Sequestration.)

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