Charles Clark writes that CBO projects that further automatic spending reductions will not be required through Oct. 1 because of minor cap adjustments that Congress has made since January.
An omnibus appropriations deal passed last December contains fiscal 2015 caps that are $18.5 billion above the limits set by sequestration, according to Clark’s article.
CBO estimates that cap on discretionary defense budget will increase from $521 billion in FY 2015 to $590 billion in FY 2021, according to GovExec.
Clark reports the office also estimates that spending cap for non-defense programs will grow from $492 billion in the next two fiscal years to $555 billion by fiscal 2021.