Congress 2024 Budget. With discretionary funding caps set by the fiscal responsibility act (fra) and a number of “side agreements” looming over budget negotiations for the current fiscal year. Cbo examines how the discretionary spending proposals in the president’s 2024 budget compare with cbo’s most recent baseline budget projections, which span 2023 to 2033.
In cbo’s projections, the federal budget deficit in fiscal year 2024 is $1.9 trillion. With discretionary funding caps set by the fiscal responsibility act (fra) and a number of “side agreements” looming over budget negotiations for the current fiscal year.
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