OPM INDICATES $800 MILLION SEQUESTRATION COULD BE LOOMING NEXT YEAR - August 26, 2016
Agencies Could Face a Nearly $800M Sequester Next Year
By Eric Katz, Government Executive
House spending proposals for next year would require a sequester of more than three-quarters of a billion dollars, according to a new report from the Office of Management and Budget.
As they stand now, House funding bills would lead to a revocation of $775 million in non-defense discretionary spending from federal agencies' fiscal 2017 budgets, and an additional $17 million from defense spending. Senate measures, however, fall well under spending thresholds required by the 2011 Budget Control Act -- as amended by a 2015 budget agreement that boosted the spending caps for fiscal years 2016 and 2017.