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Created page with "'''Budget sequestration''' or '''sequester''' as defined in the Budget Enforcement Act (BEA), is the cancellation of budgetary resources provided by discretionary appropriations ..."
'''Budget sequestration''' or '''sequester''' as defined in the Budget Enforcement Act (BEA), is the cancellation of budgetary resources provided by discretionary appropriations or direct spending laws. New budget authority, unobligated balances, direct spending authority, and obligation limitations are “sequestrable” resources; that is, they may be subject to reduction or cancellation under a [[president]]ial sequester order. <ref>[http://www.gao.gov/new.items/d05734sp.pdf A Glossary of Terms Used in the Federal Budget Process], pg. 94, pdf. www.gao.gov</ref>
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[[Category:Budget terms]]
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[[Category:Budget terms]]