Gramm-Rudman-Hollings Act(redirected from Gramm-Rudman-Hollings Balanced Budget Act)
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Legislation in the United States, passed in 1985, that mandated automatic cuts in federal discretionary spending if the government deficit rose above stated target levels. The severity of the cuts was considered draconian and the Act was found largely unconstitutional in 1987. It was replaced by the Budget Enforcement Act of 1990.