Sequestration refers to automatic spending cuts that occur through the withdrawal of funding for certain (but not all) government programs. CBO provides estimates of the statutory caps on discretionary funding and an assessment of whether sequestration might be necessary under current budgetary rules, but the Administration's Office of Management and Budget makes the ultimate determination of whether a sequestration is necessary and, if so, how big it should be.

  • Report August 14, 2014

    CBO issues one of its regular reports that provides estimates of the caps on discretionary budget authority for each fiscal year through 2021. By CBO’s estimate, appropriations for fiscal year 2014 have not exceeded those caps.