The reconciliation bill (P.L. 119-21) that was enacted in early July will increase federal budget deficits over the next 10 years. As a result, PAYGO sequestration will be triggered unless Congress acts to avoid it. In August, FFIS published Budget Brief 25-13,which describes PAYGO sequestration and evaluates its potential impact on state and local governments in fiscal year (FY) 2026. That brief included a table that listed selected federal accounts subject to sequestration. This brief updat...
