The National Council of Nonprofits shared this news with us. For a snapshot of the U.S. Budget, check out this neat new start-up web resource: Visual Budget.
On May 18, the House passed a bill to increase defense spending by more than the amount requested for the Department of Defense and $8 billion more than the House agreed to last August as part of the deficit reduction agreement. According to the Washington Post, “House Republicans argued that they had identified non-defense [domestic] spending to offset the increases.” A week earlier, the House passed the Sequester Replacement Reconciliation Act, a bill declaring that previously agreed to automatic spending cuts to defense programs “shall have no force or effect,” thereby shifting cuts to domestic programs. Reuters reports that the largest cuts will hit “food stamps, Medicaid healthcare for the poor, social services block grants that fund various programs including Meals on Wheels for the elderly.” Neither bill is expected to pass in the Senate.