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Budget

Proposed Two-Year Budget Deal Banishes Sequester Threat, But Investments Could Suffer in 2021

By Vivienne Machi

Tuesday, July 23rd, 2019

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Proposed Two-Year Budget Deal Banishes Sequester Threat, But Investments Could Suffer in 2021

Low angled view of the U.S. Capitol East Facade Front in Washington, DC.

As lawmakers on Capitol Hill largely laud a proposed agreement between the White House and House Democratic leaders that would eliminate the threat of sequestration and lift the debt ceiling for two years, analysts wondered if defense-related procurement funding may suffer under efforts to reach a bipartisan compromise. H.R. 3877, the Bipartisan Budget Act of 2019, includes $738 billion under the “050” account for Defense Department and defense-related Energy Department funds in FY ’20, and $741.5 billion in FY ’21.…

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