Sequestration refers to _____
A) an increase in the tax rates for high-income households.
B) automatic cuts to certain categories of federal spending to slow spending growth.
C) low interest rates that crowded out private investment.
D) discretionary tax cuts and greater outlays on unemployment benefits.
E) greater outlays on national defense spending.

Question

Quizplus · Accepted Answer

Sequestration refers to automatic cuts to certain categories of federal spending to slow spending growth. It is a mechanism that was put in place as part of the Budget Control Act of 2011 to force Congress to agree to a deficit reduction plan. If Congress fails to reach an agreement on deficit reduction, automatic spending cuts are triggered.

Sequestration Refers to _____