The ________ sought to reduce the federal deficit by $36 billion each year between 1987 and 1991.
A) Sherman Antitrust Act
B) McCain-Feingold bill
C) Cellar-Kefauver Act
D) Gramm-Rudman-Hollings Act

Question

Quizplus · Accepted Answer

The Gramm-Rudman-Hollings Act was passed in 1985 and aimed to reduce the federal deficit by $36 billion each year between 1987 and 1991. It established a mechanism for automatic across-the-board spending cuts (also known as sequestration) if deficit reduction targets were not met.

The ________ Sought to Reduce the Federal Deficit by $36