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- Sequestration - Congressional Budget Office
Sequestration refers to automatic spending cuts that occur through the withdrawal of funding for certain (but not all) government programs CBO provides estimates of the statutory caps on discretionary funding and an assessment of whether sequestration might be necessary under current budgetary rules, but the Administration's Office of Management and Budget makes the ultimate determination of
- Final Sequestration Report for Fiscal Year 2025
Final Sequestration Report for Fiscal Year 2025 O nce full-year appropriations for federal activ-ities funded by the 12 annual appropriation acts for a fiscal year are enacted, section 254 of the Balanced Budget and Emergency Deficit Control Act of 1985 (Public Law 99-177, as amended) requires the Congressional Budget Ofice to report estimates of the limits (often called caps) on discretionary
- Sequestration 2025: An Update - Congressional Budget Office
The Fiscal Responsibility Act of 2023 (FRA, Public Law 118-5) established limits (often called caps) on discre-tionary budget authority for fiscal years 2024 and 2025 1 The Congressional Budget Ofice is required to report whether, according to its estimates, enacted legislation for the current fiscal year has exceeded those caps and thus would
- Final Sequestration Report for Fiscal Year 2025
As required by law, CBO reports on whether appropriations enacted for the current fiscal year have exceeded the statutory caps on discretionary funding In CBO’s estimation, they have not, and a sequestration will not be required for 2025
- Potential Statutory Pay-As-You-Go Effects of a Bill to Provide . . .
This letter responds to your questions concerning the sequestration (the cancellation of budgetary resources) in accordance with the Statutory Pay‐As‐You‐Go Act of 2010 (S-PAYGO) that would occur if an enacted bill raised deficits by $2 3 trillion over 10 years
- Sequestration 2025: An Update - Congressional Budget Office
The Fiscal Responsibility Act of 2023 (FRA, Public Law 118-5) established limits (often called caps) on discretionary budget authority for fiscal years 2024 and 2025 1 The Congressional Budget Office is required to report whether, according to its estimates, enacted legislation for the current fiscal year has exceeded those caps and thus would
- Sequestration Update Report: August 2024 - Congressional Budget Office
AUGUST | 2024 B y August 15 each year, the Congressional Budget Office is required to report estimates of the limits (often called caps) on discretionary budget authority for the current and upcom-ing fiscal year 1 The current caps were established by the Fiscal Responsibility Act of 2023 (FRA; Public Law 118-5) The requirement to publish this report originates in section 254 of the Balanced
- Questions About the Statutory Pay-As-You-Go Act of 2010
You have asked the Congressional Budget Office to answer questions regarding the use of sequestration (the cancellation of budgetary resources) in accordance with the Statutory Pay-As-You-Go Act of 2010 (S-PAYGO) Under S-PAYGO the Office of Management and Budget (OMB) maintains 5- and 10-year scorecards that it updates to include estimated cumulative changes in revenues and outlays that are
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