CBO says no sequestration needed for FY 2019
- By FederalSoup Staff
- Aug 20, 2019
Although the Office of Management and Budget makes the final decision on whether federal agencies will face sequestration, the Congressional Budget Office has determined that such cuts will not be needed for the end of fiscal year 2019.
By law, CBO is required to make estimates on the spending limits needed on discretionary spending for certain agencies, and then determine whether enacted legislation for the current fiscal year has exceeded those caps that would lead to sequestration, across-the-board cuts for certain categories of spending.
In its required report, CBO concluded that because Congress increased the budget caps for defense and non-defense funding, spending has been below the levels that would have led to sequestration.
“The caps still could be breached if lawmakers provided additional appropriations for 2019 before the end of September 2019 without increasing the limits,” the report states, adding, “…unless those appropriations either fell into a category that causes a cap adjustment or were offset by reductions in funding for other programs.”
Read the full CBO report here.