OMB Sequestration Update Report to the President and Congress for Fiscal Year 2016 [open pdf - 602KB]
"The Budget Control Act of 2011 (BCA) amended the Balanced Budget and Emergency Deficit Control Act of 1985 (BBEDCA), which had expired in 2002, by reinstating limits on discretionary budget authority for 2012 through 2021. The failure of the Joint Select Committee on Deficit Reduction to propose, and the Congress to enact, deficit reduction legislation triggered steep reductions to discretionary spending for fiscal years 2013-2021 on top of the $1 trillion in reductions below the discretionary baseline enacted in the BCA. Working together, the Congress and the President reached agreement in the Bipartisan Budget Act of 2013 (BBA) to restore part of the scheduled reductions for 2014 and 2015. This partial restoration of the discretionary spending limits was paid for by other provisions that reduced the deficit. To date, Congress has taken no action to address the reductions to the discretionary spending limits scheduled for 2016-2021, and the procedures instituted by the BCA remain in place for those years. The limits are enforced by a sequestration of non-exempt discretionary budget authority that is ordered at the end of the current session of the Congress if enacted appropriations exceed the limits. This report discusses the current status of the limits and Office of Management and Budget (OMB) scoring of actions taken to date by each chamber of the Congress on discretionary spending bills relative to those limits."
United States Office of the White House: http://www.whitehouse.gov/