Search results
Results from the WOW.Com Content Network
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 ...
Bowsher v. Synar, 478 U.S. 714 (1986), was a United States Supreme Court case that struck down the Gramm–Rudman–Hollings Act as an unconstitutional usurpation of executive power by Congress because the law empowered Congress to terminate the United States Comptroller General for certain specified reasons, including "inefficiency, 'neglect of duty,' or 'malfeasance.'"
The Budget Enforcement Act of 1990 (BEA) (Pub. L. 101–508, title XIII; 104 Stat. 1388-573; codified as amended at scattered sections of 2 U.S.C. & 15 U.S.C. § 1022) was enacted by the United States Congress as title XIII of the Omnibus Budget Reconciliation Act of 1990, to enforce the deficit reduction accomplished by that law by revising the federal budget control procedures originally ...
Over time, other gimmicks, such as presidential line-item vetoes, proposals for balanced budgets constitutional amendments and the Gramm-Rudman Act of 1985 to mandate automatic budget cuts have ...
The Budget Control Act of 2011, which resolved the debt-ceiling crisis, required Congress to vote on a balanced-budget amendment in the near future. In addition, it stated that once a balanced budget amendment was sent to the states, the debt ceiling would be automatically increased by 1.5 trillion (this would be in addition to the initial debt ...
Some of us jokingly referred to it as the Gramm-Rudman-Hollings “amazing, slice-em, dice-em automatic spending reduction machine” (think Veg-O-Matic). But it was no joking matter.
His best-known legislative effort was the Gramm-Rudman-Hollings Act. A moderate Republican , Rudman was conservative on matters of fiscal and defense policy—favoring tax cuts , reduced domestic spending, and higher military spending, but liberal on social issues—supporting a woman's right to choose to have an abortion , gay rights , and ...
President Joe Biden, a Democrat, this year recognized the UAE as a major defense partner, and the Gulf state is host to the Al Dhafra Air Base with U.S. military aircraft and thousands of American ...