Type:Notice
Citation:86 FR 7423
Reading Time:about a minute or two
The Office of Management and Budget (OMB) has released the OMB Final Sequestration Report for Fiscal Year 2021. This report assesses whether the 2021 discretionary spending caps were followed by recent legislation. It confirms that the enacted appropriations are within the specified defense and non-defense limits, so no sequestration, or automatic spending cuts, is needed for 2021. The full report is available online on the OMB's website.
Simple Explanation
The Office of Management and Budget (OMB) checked to make sure that the money planned to be spent in 2021 didn't go over the limits set for different areas, like defense and other programs. They found everything was okay, which means no extra cuts, like taking away toys if you have too many, are needed.