A Call For Parity In Any Budget Deal

Every year in the annual appropriations process, Congress negotiates the funding levels for roughly one-third of the budget, known as the “discretionary” portion of the budget. The Fiscal Responsibility Act set statutory limits on the discretionary part of the budget for fiscal years 2024 and 2025 on both the defense and nondefense portions of the budget. For this coming year, both the defense and nondefense budget caps are set to grow just 1 percent above last year’s levels, leading to a real cut in services after adjusting for inflation, population growth, and other increased costs. Read Full Article »