Transcription of Summary of the Bipartisan Budget Act of 2013 …
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Summary of the Bipartisan Budget Act of 2013 …
1 Summary of the Bipartisan Budget Act of 2013 December 10, 2013 The Bipartisan Budget Act of 2013 would set overall discretionary spending for the current fiscal year at $ trillion about halfway between the Senate Budget level of $ trillion and the House Budget level of $967 billion. The agreement would provide $63 billion in sequester relief over two years, split evenly between defense and non-defense programs. In fiscal year 2014, defense discretionary spending would be set at $ billion, and non-defense discretionary spending would be set at $ billion. The sequester relief is fully offset by savings elsewhere in the Budget . The agreement includes dozens of specific deficit-reduction provisions, with mandatory savings and non-tax revenue totaling approximately $85 billion.
1 Summary of the Bipartisan Budget Act of 2013 December 10, 2013 The Bipartisan Budget Act of 2013 would set overall discretionary spending for the current fiscal
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