On the recordJanuary 15, 2014
the Bipartisan Budget Act of 2013, which Congress passed last month, provides relief to families and the economy from the harmful effects of sequestration, more than offsetting the costs of providing that relief with savings elsewhere in the Federal budget. In addition to those changes, the Bipartisan Budget Act also establishes a congressional budget for 2014 and, if necessary, for 2015, authorizing the Chairmen of the Senate and House Budget Committees to file allocations, aggregates, and levels in the Senate and the House for budget year 2014. Specifically, to provide for continued enforcement in the Senate, section 111 requires the chairman of the Budget Committee to file: No. 1, an allocation for fiscal year 2014 for the Committee on Appropriations; No. 2, allocations for fiscal years 2014, 2014 through 2018, and 2014 through 2023 for committees other than the Committee on Appropriations; No. 3, aggregate spending levels for fiscal year 2014; No. 4, aggregate revenue levels for fiscal years 2014, 2014 through 2018, and 2014 through 2023; and No. 5, aggregate levels of outlays and revenue for fiscal years 2014, 2014 through 2018, and 2014 through 2023 for Social Security.…





