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November 26, 2009  
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You are here : AllRefer.com > Reference > Encyclopedia > U.S. History > Gramm-Rudman-Hollings Act
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Gramm-Rudman-Hollings Act, U.S. History

Related Category: U.S. History

Gramm-Rudman-Hollings Act, officially the Balanced Budget and Emergency Deficit Control Act of 1985, U.S. budget deficit reduction measure. The law provided for automatic spending cuts to take effect if the president and Congress failed to reach established targets; the U.S. comptroller general was given the right to order spending cuts. Because the automatic cuts were declared unconstitutional, a revised version of the act was passed in 1987; it failed to result in reduced deficits. A 1990 revision of the act changed its focus from deficit reduction to spending control.



The Columbia Electronic Encyclopedia Copyright © 2009, Columbia University Press.
Licensed from Columbia University Press. All rights reserved.



Topics that might be of interest to you:

budget
Phil Gramm

Related Categories:

History > United States and Canada
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