The Budget Control Act of 2011, CRS Report R41965, August 19, 2011 (52-page PDF) Budget “Sequestration” and Selected Program Exemptions and Special Rules, CRS Report R42050, June 13, 2013 (35-page PDF) The Budget Control Act of 2011: Budgetary Effects of Proposals to Replace the FY2013 Sequester, CRS Report R42675, November 9, 2012 (15-page PDF) The … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Budget Deficit / Budget Surplus Lesson 1 National Debt & Budget Deficit Explained The relationship between spending and revenues is reflected in the surplus or deficit figure. A surplus is an excess of revenues over outlays, while a deficit is an excess of … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Deeming Resolution “Deeming resolution” is a term that refers to legislation deemed to serve as an annual budget resolution for purposes of establishing enforceable budget levels for a budget cycle. A deeming resolution is used when the House and Senate are late in reaching final … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Seigniorage The difference between the face value of minted circulating coins and the cost of their production, including the cost of metal used in the minting and the cost of transporting the coins to Federal Reserve Banks for distribution to the public. Seigniorage reflects an … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Sequester / Sequestration photo credit: pheezy The cancellation of budgetary resources pursuant to the Budget Enforcement Act of 1990. If canceled, sequestration funds will not be available for obligation or expenditure. Sequestration may occur in response to the enactment of appropriations that cause a breach … Read more
See Sequester / Sequestration (CongressionalGlossary.com) Courses Congressional Operations Briefing – Capitol Hill Workshop Drafting Federal Legislation and Amendments Writing for Government and Business: Critical Thinking and Writing Custom, On-Site Training Congressional Operations Poster, with Federal Budget Process Flowchart Federal Budgeting, a Five-Course series on CD Congress, the Legislative Process, and the Fundamentals of … Read more