House-Senate Budget Conference Committee Reaches Spending Deal for FY2014 and 2015

Posted on: December 13th, 2013 by NADO Admin

On December 10, leaders of the House-Senate budget conference committee announced they had reached a deal on spending levels for the remainder of fiscal year (FY) 2014 and FY2015. The Bipartisan Budget Act of 2013 (http://www NULL.budget NULL.senate NULL.cfm/files/serve?File_id=104ba8f3-e143-42cf-b0c6-911a85d740d0) replaces a portion of the mandatory defense and domestic spending cuts under sequestration and provides top line numbers to guide the federal budget and appropriations process for the remainder of FY2014 and FY2015. Under the agreement, discretionary spending would increase by $63 billion over the next two years to $1.012 trillion for FY2014 and to $1.014 trillion for FY2015.

The House approved the budget deal on December 12 by a vote of 332 to 94. The Senate is expected to consider and approve the deal next week and President Obama has indicated he will sign it into law. This leaves the House and Senate Appropriations Committees a month to draft a FY2014 omnibus spending package before the current Continuing Resolution (CR) expires on January 15.

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