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Letter to the Honorable Paul Ryan about the Budget Authority That Would Be Provided by the Continuing Resolution for Fiscal Year 2014 and How That Authority Would Compare with the Statutory Caps in Place for Next Year 1 (September 12, 2013)

handle is hein.congrec/cbo11319 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE Douglas W. Elmendorf, Director U.S. Congress Washington, DC 20515 September 12, 2013 Honorable Paul Ryan Chairman Committee on the Budget U.S. House of Representatives Washington, DC 20515 Dear Mr. Chairman: As you requested, the Congressional Budget Office (CBO) has prepared this letter about the budget authority that would be provided by the continuing resolution for fiscal year 2014 (as introduced in the House on September 10) and how that authority would compare with the statutory caps in place for next year. H. J. Res. 59, the Continuing Appropriations Resolution, 2014, would provide funding through December 15, 2013.1 Nevertheless, CBO' s estimates for such short-term funding bills routinely show the full-year, or annualized, amount for the authority that would be provided. If H. J. Res. 59 was enacted, the appropriations for 2014 would total-on an annualized basis-$1,087.7 billion, by CBO's estimate. That total includes funding for certain activities that are not constrained by the caps on discretionary budget authority-overseas contingency operations, disaster relief, and program integrity initiatives; such funding would total $101.4 billion. As a result, funding for programs limited by the statutory caps would total $986.3 billion on an annualized basis, CBO estimates. The caps for 2014 total $967.5 billion$498.1 billion for defense budget authority and $469.4 billion for nondefense budget authority.2 Therefore, if 1.The oniy exception is that the resolution would provide $636 million in funding for wildiand fire management that would be available until expended. 2. The caps were initially established by the Budget Control Act of 2011, later amended by the American Taxpayer Relief Act of 2012, and further reduced by the automatic spending reductions specified in the Budget Control Act.

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