Sequestration
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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 presidential sequester order. [1]
- ↑ A Glossary of Terms Used in the Federal Budget Process, pg. 94, pdf. www.gao.gov