Jim Martin Table: CBO Provides New Sequester Estimates
The Jim Martin Table has been updated to reflect new sequestration cut estimates from the Congressional Budget Office's (CBO) Budget and Economic Outlook for FYs 2013 to 2023. CBO estimates a 5.3% across-the-board cut for domestic discretionary spending and a 5.8% cut for covered mandatory programs. Under the fiscal cliff deal (P.L. 112-240), these cuts are scheduled for March 1, 2013.