CONTENTS Hearings: Page Fiscal Year 1986 Sequester Order-The Balanced Budget and Emergency 1 Impact of the Gramm-Rudman-Hollings Law........ 149 Trigger Mechanism of the Gramm-Rudman-Hollings Act 645 735 New Deficit Estimates and Revising the Gramm-Rudman-Hollings Targets.... 1033 Committee Prints: Congressional Budget and Impoundment Control Act of 1974, as amended, S. Prt. 100-74. 1091 The Congressional Budget Process, S. Prt. 100-89.. 1159 (III) S. HRG. 99-537 FISCAL YEAR 1986 SEQUESTER ORDER The Balanced Budget and Emergency Deficit Control Act of 1985 HEARING BEFORE THE COMMITTEE ON THE BUDGET UNITED STATES SENATE NINETY-NINTH CONGRESS SECOND SESSION JANUARY 22, 1986 CBO-OMB REPORT Printed for the use of the Committee on the Budget U.S. GOVERNMENT PRINTING OFFICE WASHINGTON 1986 (1) COMMITTEE ON THE BUDGET PETE V. DOMENICI, New Mexico, Chairman WILLIAM L. ARMSTRONG, Colorado MARK ANDREWS, North Dakota LAWTON CHILES, Florida ERNEST F. HOLLINGS, South Carolina GARY HART, Colorado HOWARD M. METZENBAUM, Ohio DANIEL PATRICK MOYNIHAN, New York J. JAMES EXON, Nebraska FRANK R. LAUTENBERG, New Jersey STEPHEN BELL, Staff Director RICHARD N. BRANDON, Minority Staff Director W. THOMAS FOXWELL, Director of Publications |