Sequestration – Will It Happen?

The Human Needs Report
February 21, 2012

The Budget Control Act of 2011 (BCA, PL 112-025) that was passed last August calls for
significant deficit reduction. The first installment of nearly $1 trillion in cuts went into effect
immediately and is achieved through binding 10-year limits on annual appropriations bills. The
second round of savings should add up to $1.2 trillion over ten years. The legislation set up a
fast track for passing a deficit reduction plan that could have combined spending cuts with
revenue increases.

Posted by Sue Kirby on 02/21/12  •  Permalink  •  Comments 0   •