UW Federal Relations shared the following update on Dec. 18:
As you may recall, this fall Congress passed the Bipartisan Budget Act of 2015, which provides $80 billion in relief from the sequester funding caps—also known as across-the-board spending caps—for over two years, and is divided equally between defense and nondefense programs. This agreement provided $50 billion in sequester relief for FY16, raising the total budget to $1.067 trillion and will provide $30 billion in sequester relief in FY17, keeping the spending nearly flat at $1.070 trillion.
After passing the budget deal and two short-term continuing resolutions to keep the government running, Congress is expected to pass the FY16 Omnibus Spending Bill today and President Obama has indicated he will sign the bill prior to the current December 22 “CR” expiration.
Below are a few highlights of the agreement that may be of interest to the campus community:
On the Federal Relations website under Federal Budget and Appropriations you can find links to more detailed summaries for the Department of Defense, Department of Education, Department of Energy, National Aeronautics and Space Administration, and National Science Foundation. There you will also find links to the full text of the omnibus legislation and a section-by-section summary of the 12 appropriation bills.
As always, please contact us if you have questions or would like additional information.
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