Study by Scott Anchin and Loren Duggan

President Barack Obama is scheduled to release his budget for fiscal 2013 on Monday, February 13. It will be the final budget issued before this year’s presidential election and the first released after last year’s Budget Control Act, which imposed discretionary spending caps and set in motion a process for automatic spending cuts, or “sequestration.” As a result, spending projected in the fiscal 2013 budget is expected to be significantly less during the next decade compared with the president’s previous budget proposals.

With the threat of sequestration looming in January 2013, Congress may be equally willing to move forward with reduced spending, though how they will get there remains uncertain.¬†This Bloomberg Government Study¬†(subscription required) explores the set of questions that has emerged from the supercommittee’s failure and the slow pace of economic recovery.

Scott Anchin is a policy analyst with Bloomberg Government. He joined Bloomberg from the Office of Management and Budget, where he worked as an analyst. Anchin also worked at the Department of Homeland Security. He holds an LL.M. from Georgetown University, a J.D. and M.A. from Case Western Reserve University, and a B.S. in finance from Syracuse University.

Loren Duggan is Bloomberg Government’s chief legislative analyst.
Before joining Bloomberg, he was editor of Congressional Quarterly’s
House Action Reports, providing summaries and analysis of legislation.
He also contributed to CQ’s legislative tracking services during his
decade with the company. Loren holds a bachelor’s degree in political
science and psychology from American University.

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