Federal Managers Association
In the News
- House Passes GOP Debt Ceiling Bill; Next Steps Uncertain - May 1, 2023
Republicans have moved through the House a bill to raise the federal debt ceiling while squeezing “discretionary” budgets for federal agencies that pay for day-to-day operations including salaries for employees, limits that would tighten even further in future years.
While the bill would raise the debt limit until potentially early 2024, it also would cap discretionary spending for fiscal 2024 at fiscal 2022 levels, which the White House says would result in a 22 percent cut at agencies other than the Defense Department, since that department’s budget would not be subject to the cap. Overall spending could then increase by only 1 percent per year through 2033 — potentially putting an even heavier burden on non-defense agencies, assuming that the DoD budget would grow more than 1 percent per year.
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