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Bookmark or Share- Sequestration Update Report: August 2023 - Congressional Budget OfficeCBO also must estimate whether any appropriations enacted for the current fiscal year have exceeded the caps and thus would trigger a cancellation of budgetary resources, known as a sequestration. The authority to determine whether the caps have been breached rests solely with the Office of Management and Budget.
- Sequestration Update Report: August 2024 - Congressional Budget OfficeIn CBO’s estimation, a sequestration will not be required for 2024. However, the authority to make that determination—and, if so, how to cut budgetary resources—rests with the Office of Management and Budget (OMB), which reported in April that appropriations for 2024 had not exceeded the caps.
- Sequestration - Congressional Budget OfficeCBO 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 whether a sequestration is necessary and, if so, how big it should be.
- Final Sequestration Report for Fiscal Year 2024After those adjustments are made, the caps on budget authority for 2024 will total $886.3 billion for defense programs and $757.7 billion for nondefense programs—$1,644 billion in all. According to CBO’s estimates, the two appropriation acts provided funding of $1,644 billion that is subject to the caps, so sequestration will not be required.
- Major Recurring Reports | Congressional Budget OfficeSequestration. CBO is required to publish estimates of the caps on funding for discretionary programs for each fiscal year through 2025 and to report whether, according to those estimates, a sequestration (a cancellation of budgetary resources) would be required.
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