OMB Sequestration Update Report to the President and Congress for Fiscal Year 2015

Source: Office of Management and Budget (OMB), August 20, 2014

This report updates information contained in the OMB preview report regarding enforcement of the discretionary spending caps for both 2014 and 2015, including information about the discretionary spending limits for defense and non-defense programs, the status of OMB scoring of the latest House and Senate action on discretionary appropriations bills, comparisons with the estimates provided by the Congressional Budget Office in its August update report, and OMB’s preview estimate of the 2015 adjustment for disaster relief. OMB must issue a final sequestration report after the Congress adjourns. To date, emergency supplemental appropriations have been enacted for 2014, which necessitates an adjustment to the 2014 defense cap. However, no 2015 appropriations bills have been enacted into law and, therefore, no changes are reflected to the current 2015 caps. If the 2015 discretionary caps remain unchanged, this report estimates that, if enacted, the actions by the Senate would result in a sequestration of $34 million in the defense category. This report also finds that, if enacted, actions by the House of Representatives for both the defense and non- defense categories and actions by the Senate for the non-defense category are in compliance with the current 2015 spending limits. Finally, OMB estimates that present House and Senate action on pending 2014 supplemental appropriations, if enacted, would not breach the current 2014 limits.