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TeachMeFinance.com - explain sequestration sequestration -- The cancellation of budgetary resources available for a fiscal year in order to enforce the discretionary spending limits and pay-as-you-go procedures in that year. Pursuant to procedures set forth in the Deficit Control Act, a sequestration is triggered if the Office of Management and Budget determines that budget authority or outlays provided in appropriation acts exceed the discretionary spending limits or that enacted legislation affecting direct spending and receipts increases the deficit or reduces the surplus. Discretionary spending in excess of any of the limits would cause the cancellation of budgetary resources within the applicable category of discretionary programs. Changes in direct spending and receipts that increase the deficit or reduce the surplus would result in reductions in direct spending programs not otherwise exempt by law. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.