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Bookmark or Share- Sequestration Update Report: August 2023 - Congressional Budget OfficeSequestration Update Report: August 2023. August 15, 2023. Report. In a report required by law, CBO provides information on the limits that apply to discretionary budget authority in 2024. Because no statutory caps are in place for fiscal year 2023, there will be no sequestration for the current fiscal year. View Document. View Document. 449.2 KB.
- Washington, DC 20515 - Congressional Budget OfficeThe caps specified in section 102 were triggered because discretionary funding was provided by the continuing resolution that was in place on January 1, 2024. Unless all full-year appropriations have been enacted by April 30, 2024, OMB will use the section 102 caps to determine whether sequestration is required.
- Final Sequestration Report for Fiscal Year 2024For 2024, CBO estimates, the maximum cap adjustment for disaster relief will be $20.4 billion. Of that amount, $11.9 billion is the average annual funding over the 2014–2023 period, excluding the highest and lowest annual amounts. An additional $8.5 billion is 5 percent of the funding provided for emergency requirements under the Staford Act ...
- Final Sequestration Report for Fiscal Year 2018If so, a sequestration (that is, a cancellation of budgetary resources) would be required. Normally, CBO’s final sequestration report would be issued 10 days after the end of a session of Congress. However, because the appropriations for fiscal year 2018 were not final at the end of the first session of the 115th Congress on December 29, 2017 ...
- Sequestration - Congressional Budget OfficeSequestration. 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 ...
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