CBO predicts nondefense spending bills won’t face automatic cuts …

Mar 13, 2024 · AP Photo/J. Scott Applewhite. The nonpartisan Congressional Budget Office (CBO) said Wednesday that funding for nondefense programs will not be subject to automatic …

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CBO Predicts Non-defense Spending Bills Won’t Face Automatic …

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Mar 13, 2024 · In an estimate from early January, the CBO said nondefense programs could have seen as much as a 5 percent cut, or a reduction of $41 billion, under the penalty at the levels …

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Will nondefense funding be cut if Congress doesn't pass a bill?

(AP Photo/J. Scott Applewhite) The nonpartisan Congressional Budget Office (CBO) said Wednesday that funding for nondefense programs will not be subject to automatic spending cuts even if Congress doesn’t pass its remaining six spending bills by an April 30 deadline. ...

How much could nondefense programs have been cut?

In an estimate from early January, the CBO said nondefense programs could have seen as much as a 5 percent cut, or a reduction of $41 billion, under the penalty at the levels recorded then. ...

How much would CBO reduce mandatory spending in 2032?

The total reduction would amount to 1.3 percent of total mandatory spending and 8.8 percent of other mandatory spending in 2032 in CBO's baseline; over the 2023–2032 period, they would equal 1.3 percent of total mandatory spending and 7.4 percent of other mandatory spending in the baseline. ...

Could nondefense programs be shielded from cuts?

But a new forecast from the CBO, based on the six government funding bills Congress passed last week, found that nondefense programs could be shielded from cuts — potentially giving Democrats more leverage in the funding fight. ...

What if the federal deficit was reduced by 15 percent?

In CBO's estimation, this option would reduce the federal deficit by $580 billion over the 2023–2032 period. The change to VA disability compensation would reduce outlays by $253 billion, or 17 percent. Reducing spending on income security programs by 15 percent would save $327 billion from 2023 to 2032, CBO estimates. ...

How much money does the CBO need to fund nondefense?

Factoring in that stopgap, along with the funding bills passed last week, the CBO said that “nondefense funding in those acts is $3 billion below” the $736 billion cap, adding, “so no sequestration of nondefense budgetary resources would be required.” ...