President Donald Trump on Feb. 9 signs the third continuing resolution, the Bipartisan Budget Act of 2018 (PL 115-123), to keep the government operational in FY 2018. The latest version funds government operations at existing levels through March 23, while also increasing spending caps imposed by the Budget Control Act of 2011 (PL 112-25). The CR increases the spending caps for both defense and nondefense spending, although it is more generous to defense spending. The defense discretionary funding cap is increased by $80 billion in FY 2018 and $85 billion in FY 2019, while the non-defense domestic discretionary spending cap is increased by $63 billion in FY 2018 and $68 billion in FY2019. Congress must now devise a measure meeting these spending caps and pass it by the March 23 deadline. PL 115-123 is the third in a series of bills to increase spending caps originally imposed by the Budget Control Act of 2011, with the other two being the Bipartisan Budget Act of 2013 (PL 113-67) and the Bipartisan Budget Act of 2015 (PL 114-74). Another important provi [...]
Login to read the full story or Subscribe now!
2/16/18 6:09 PM