FY 2016 Federal Budget Proposal Summary
On Monday, February 2, President Barack Obama released his FY 2016 budget proposal. It is important to note that the President’s budget is a symbolic document intended to guide Congress and accentuate the President’s legislative priorities. The budget proposes to end sequestration, fully withdrawing it for domestic priorities in 2016, matched by equal dollar increases for defense funding. (That provides an additional $37 billion for non-defense discretionary spending). This is an important fix to federal budget policy that many higher...