Sequestration: A history
Published On: Feb 26 2013 10:31:38 AM PST
Updated On: Apr 04 2013 05:36:57 AM PDT
Take a look at the history of sequestration from its first use in the 1980s to today’s cuts.
Jim Bourg/Reuters
The concept of sequestration was introduced in 1985 as an amendment on a bill to raise the debt ceiling. This amendment included a plan to reduce the deficit and balance the budget by 1991. It was called the Balanced Budget and Emergency Deficit Control Act, better known as Graham-Rudman-Hollings.
