Budget Brief 12-04
May 4, 2012

The House-passed budget resolution for fiscal year (FY) 2013 (H. Con. Res. 112) directs six House committees to find $261.5 billion in savings over 10 years to help replace the automatic across-the-board spending reductions that are scheduled to begin in January 2013, under the Budget Control Act (BCA; P.L. 112-25). All committees have advanced their proposals to the House Budget Committee, which combined them into one budget reconciliation bill that is scheduled to be considered by the full House this month. Several recommendations would affect state grant programs and funding. The Senate does not plan to take up this bill or proceed with a budget resolution.