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FCW : January 2013
BackStory 34 January 2013 FCW.COM A slow road to agency appropriations The scal cliff metaphor is nally behind us, but the next several months promise to be bumpy at best FEB. 4 President's budget due to Congress This deadline has slipped in recent years; budget insiders pre- dict the scal 2014 edition might not be presented until March. The new sequestration deadline The deal passed on Jan. 1 bought legislators an extra two months, but across-the-board cuts are still coming if no budget agreement is reached by March 1. Opening day for appropriations The House can begin work on scal 2014 spending bills on this date, with or without a nal budget resolution. If appropriations have not been made --- and government funding has not already imploded at one of the earlier deadlines --- yet another shutdown threat looms. Federal default if debt limit not raised The borrowing limit was reached on Dec. 31. The Treasury Department can delay default for a bit, but if the debt ceiling is not raised, the govern- ment and the economy are in trouble. C g resolution expires Appropriators are working on funding measures for the second half of scal 2013, but a shutdown looms if those bills --- or another CR --- fail to pass. CBO issues long-term budget outlook Though not directly tied to agency appropria- tions, these projections inevitably shape the budget and cost-cutting debates. CBO issues updated budget projections This is the legislative branch s answer to OMB s July 15 review. OMB's mid-session review due The president submits his revised view of the budget to Congress, including new de cit estimates. Budget resolutions for scal 2014 due Like Feb. 4 for the president s budget, this is a soft deadline for congressional budget committees. T Thd l MARCH 1 C M B Like Feb 4 APRIL 15 yO ThH MAY 15 yO Th i JULY 15 F df lti fd LATE FEBRUARY CBO i MID-JUNE If i ti h tb SEPT. 30: FISCAL 2013 ENDS g:C d t dbd MID-AUGUST Continuing Continuing MARCH H H27 27 7 7 27 27 27 27 ILLUSTRATIONS BY JOHN MARGESON