Reduction (

From the Congressional Glossary – Including Legislative and Budget Terms Reduction photo credit: eamoncurry123 Cancellation of the availability of budgetary resources previously provided by law before the authority would otherwise lapse. Reductions can be account specific and across-the-board. (See also Rescission; Sequestration.) “Will the Joint Select Committee on Deficit Reduction Succeed?” by Sarah A. Binder, … Read more