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Budget sequestration was first authorized by the Balanced Budget and Emergency Deficit Control Act of 1985 (BBEDCA, Title II of Pub. L. 99-177). This is colloquially referred to as the Deficit Control. [2] They provided for automatic spending cuts (called "sequesters") if the deficit exceeded a set of fixed deficit targets.
The budget cut will be addressed at the Feb. 3-11 Geneva meeting, during which member state representatives will discuss the agency's funding and work for the 2026-27 period.
Starting April 1, 2013 the sequester cut 2% of the Medicare budget, primarily targeting oncologist reimbursements. [22] Since oncologists cannot change the drug prices, they argue that the entire 2 percent cut will have to come out of the 6 percent overhead they use to cover the cost of storing and administering the medication. [23]
The budget measure calls for $4.5 trillion in tax cuts and a goal of $2 trillion in spending cuts. It includes more than $100 billion in new spending on immigration enforcement and the military.
Budget Cuts is an independent virtual reality stealth game developed and published by Swedish studio Neat Corporation. [4] The player is tasked with escaping an office building using a portal device while evading detection from robotic managers. [ 5 ]
California State University, already reeling from budget cuts to classes and faculty amid enrollment declines, is blasting as "unacceptable" more proposed state funding reductions.
The term "budget sequestration" was first used to describe a section of the Gramm–Rudman–Hollings Deficit Reduction Act of 1985. The Acts aimed to cut the United States federal budget deficit. This deficit is the amount by which expenditures by the federal government exceed its revenues each year and was at the time the largest in history ...
Failing to consider cuts to the Pentagon budget is incredibly short-sighted from a national security perspective. Cutting unnecessary, underperforming, and obsolete Pentagon programs would not ...