The House Appropriations Committee released spending limits for the 12 annual appropriations bills as well as a preliminary schedule for markups. The spending levels are consistent with the Fiscal Year 2012 (FY12) budget resolution passed by the House of Representatives in April and broadly reflect House Republican efforts to reduce domestic spending while boosting defense spending.
The spending framework released today would reduce discretionary spending in FY12 by $30.3 billion over Fiscal Year 2011 (FY11). The proposed spending levels are also $121 billion less than proposed in President Obama’s FY12 budget. While President Obama and Congressional Democrats have discussed spending at lower levels than the President’s FY12 budget as part of negotiations to increase the debt ceiling, they are not reported to approach the levels proposed today by the House.
The Senate has not yet acted on a FY12 budget resolution and is unlikely to adopt the House version without significant changes. However, the announced spending limits will frame legislative action in the House until and unless a larger budget deal is reached, for instance, as part of an agreement to raise the debt limit on which negotiations are continuing.
It is important to understand that the spending limits announced only offer broad guidance on how the budgets for the Departments and Agencies will be affected. Until the Committee markups are held, for example, it will not be clear how spending cuts to the Transportation-HUD bill will be distributed to the budgets for the Department of Transportation and the Department of Housing and Urban Development specifically.
Some of the key takeaways from the announcement today include:
SPENDING LEVELS
Please click here for a chart with the full details on the spending allocations for review, comparing the spending levels proposed today with spending in FY11 and the President’s FY12 budget.
KEY QUOTE
TIMING OF COMMITTEE ACTION
PRELIMINARY MARKUP SCHEDULE
Homeland Security
Subcommittee: May 13
Full Committee: May 23
Military Construction, Veterans Affairs and Related Agencies
Subcommittee: May 13
Full Committee: May 23
Agriculture, Rural Development, Food and Drug Administration and Related Agencies
Subcommittee: May 24
Full Committee: May 31
Defense
Subcommittee: June 1
Full Committee: June 14
Energy and Water Development, and Related Agencies
Subcommittee: June 2
Full Committee: June 15
Legislative Branch
Subcommittee: June 2
Full Committee: June 15
Financial Services
Subcommittee: June 16
Full Committee: June 23
Interior, Environment and Related Agencies
Subcommittee: July 6
Full Committee: July 11
Commerce, Justice, Science and Related Agencies
Subcommittee: July 7
Full Committee: July 13
Transportation, Housing and Urban Development, and Related Agencies
Subcommittee: July 14
Full Committee: July 26
Labor, Health and Human Services, Education, and Related Agencies
Subcommittee: July 26
Full Committee: August 2
State, Foreign Operations and Related Agencies
Subcommittee: July 27
Full Committee: August 3