By Jason Miller
Agencies will not face any budget cuts from sequestration this year.
The Office of Management and Budget told Congress in a Feb. 7 report that it estimates the enacted fiscal 2014 discretionary appropriations are within the spending limits under the Budget Control Act.
The Balanced Budget and Emergency Deficit Control Act of 1985 requires OMB to issue a report to Congress 15 days after appropriations bills are signed into law detailing any spending limits that are more than the allowed caps and would trigger across-the-board cuts. Continue reading “OMB tells Congress sequestration cuts aren’t needed in 2014”