Sequestration Order for Fiscal Year 2024 Pursuant to Section 251A of the Balanced Budget and Emergency Deficit Control Act, as Amended

This presidential order triggers automatic spending cuts (sequestration) for fiscal year 2024, requiring direct spending budgetary resources in non-exempt accounts to be reduced on October 1, 2023, by amounts calculated by OMB. The order implements a statutory mechanism under the Balanced Budget and Emergency Deficit Control Act rather than creating new discretionary policy.

Federal Register Open PDF 88 FR 16171

Impact dates

Oct 1, 2023
Sequestration reductions take effect for FY2024

Key directives

Direct spending budgetary resources in each non-exempt budget account shall be reduced on October 1, 2023 by OMB-calculated amounts
All sequestrations shall follow section 251A requirements and OMB report specifications

Who is ordered

Director of OMB · Office of Management and Budget

Timeline

Immediate

OMB report of March 13, 2023 transmitted to Congress
Presidential order issued triggering statutory process

Near term (90d)

Agencies prepare for October 1, 2023 sequestration implementation

Long term

Automatic spending reductions take effect across FY2024
Potential program disruptions depending on OMB-calculated cuts

Risks & tensions

Statutory automaticity limits presidential discretion; order merely executes congressional budget law
Uncertainty about specific programs affected pending OMB report details not included in order text
Potential for program disruptions if cuts are deep in non-exempt accounts