excess deficit
Defined in 1 place of the United States Code.
OMB shall implement each half of such sequestration in accordance with section 255, section 256, and subsections (c), (d), (e), and (f) of section 253 of the Balanced Budget and Emergency Deficit Control Act of 1985, and for the purpose of such implementation the term “excess deficit” means the amount specified in subparagraph (A).
Source
- 2011–present31 U.S.C. § 3101AMoney and Finance · Presidential modification of the debt ceiling · under this section