What is PAYGO ❓
The Statutory Pay-As-You-Go (PAYGO) rule, part of the Budget Enforcement Act framework and law since 2010, requires that any new legislation must not increase the federal deficit. If it does, automatic across-the-board cuts – called sequestration – are triggered in mandatory spending programs unless Congress takes specific action. Why the reconciliation bill triggers PAYGO: 🔹 […]