CBO Report Indicates Sequestration Won’t Be Required in FY 2015 - (Archived)

The Congressional Budget Office’s “Final Sequestration Report for Fiscal Year 2015” says sequestration is not required for fiscal year 2015 because budget appropriations for defense and nondefense programs do not exceed caps on discretionary budget authority.

CBO said that the enacted defense funding for fiscal 2015 is equal to the limit of $585.8 billion, while the nondefense budget of $513.8 billion is slightly below the cap of $514.1 billion. The report states that if Congress later adds appropriations that breach the budget caps before the end of the fiscal year, CBO will reduce its estimated limits on discretionary spending for fiscal 2016.

Read the full report.

 

Share

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

© 2020 Market Connections, Inc.  All rights reserved. Privacy Policy