Sequestration Order for Fiscal Year 2019 under Balanced Budget Act
💰 Economy · First Term (2017–2021) · 🤖 AI-categorized
On February 12, 2018, the Trump administration issued a sequestration order pursuant to Section 251A of the Balanced Budget and Emergency Deficit Control Act, implementing automatic spending cuts across federal agencies. The order reduced discretionary spending across defense and non-defense programs to comply with budget caps set by the 2011 Budget Control Act. The sequestration reduced federal agency budgets, affecting programs and services dependent on appropriated funds across multiple departments.
SOURCE /
https://www.whitehouse.gov/omb/