New Sequestration Analysis

ADvancing States recently released a document to explain the operability of the Budget Control Act of 2011 (BCA)'s sequestration procedures in 2014 and beyond. The analysis, titled "Sequestration in 2014," answers several frequently-asked-questions and will be updated as additional information becomes available.

The BCA established a Congressional Joint Select Committee on Deficit Reduction to propose legislation that would reduce federal deficits by $1.2 trillion over ten years. The law also created a backup sequestration procedure to ensure that this level of deficit reduction would be achieved if lawmakers failed to reach an agreement, which is what happened. As a result, the BCA's sequester mandates cuts to defense and non-defense funding totaling $109.3 billion each year through 2021.

Absent Congressional action, the 2014 sequestration is set to begin in mid-January. To view ADvancing States' analysis of how the potential cuts will impact federal funding next year, please follow this link.

Alert date: 
Tuesday, November 26, 2013