The Insider

OMB's FY-19 sequester report OBE

By Jason Sherman  
February 13, 2018 at 10:47 AM

The White House Office and Management and Budget has transmitted a statutorily required report to Congress outlining $54 billion in cuts to defense spending in fiscal year 2019 required by the Budget Control Act -- reductions, however, that are no longer needed in light of the recent two-year budget deal which lifted caps on discretionary spending in FY-18 and FY-19.

"The legislation sets new discretionary spending limits for 2018 and 2019 and directs that the reductions to the discretionary spending limits described in this report not be applied for 2019," OMB Director Mick Mulvaney wrote in a Feb. 12 letter conveying the report to lawmakers.