OMB pushes 1% discretionary sequestration requirement off
Agencies don’t have to worry about a 1% sequestration on discretionary funds kicking in for a few more months. The Office of Management and Budget says the requirement to reduce discretionary spending under the Fiscal Responsibility Act (FRA), signed into law in June, wouldn’t take effect until “after full year appropriations are enacted, or April 30, whichever comes first.” “OMB will take no action on Jan. 1, 2024, and no additional action should be taken by agencies to reduce impacted discretionary funding, even though a short-term continuing resolution will be…
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