Explains Senate pay-as-you-go (PAYGO) rule, which requires that any increase in Government spending or reduction in Federal revenues that is projected to cause or increase a budget deficit over a 10-year period must be offset by spending cuts, tax increases, or a combination of the two. Provides the legislative history of the PAYGO rule, describes its current features. Examines points of order and waiver motions under the Senate PAYGO rule.
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