There are three recent developments regarding federal funding for the remainder of this fiscal year. House Republicans appear poised to bring a bill to the floor next week to provide flat funding for the rest of this fiscal year. The Office of Management and Budget has prepared a list of recommended funding adjustments in this legislation. National Science Foundation Director Subra Suresh issued a notice today about how the foundation will prioritize funding following an expected 5 percent reduction that will automatically occur in the agency’s budget on Friday.
Continued Funding for the Rest of FY 2013:
Funding for the first six months of FY 2013 was provided through a legislative mechanism called a continuing resolution when it became clear last fall that appropriations bills would not be enacted by October 1. This six-month bill expires on March 27.
A senior member of the House leadership, House Majority Whip Kevin McCarthy (R-CA) announced yesterday that the House of Representatives will consider a bill next week to provide flat funding – the FY 2012 level – for the remainder of this fiscal year.
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Filed under: Federal Budget, Funding, Pipeline Management, Policy Tagged: Officie of Management and Budget, OMB, sequester
