The Washington Post reports today that the bipartisan budget agreement reached earlier this week is likely to pass Congress. Late Tuesday evening, Rep. Paul Ryan (R-WI), Chairman of the House Budget Committee, and Sen. Patty Murray (D-WA), Chairman of the Senate Budget Committee, reached a bipartisan, bicameral budget agreement that, if passed, may provide some relief to the FTC and DOJ Antitrust Division from the continuing effects of the sequestration.
Currently, the antitrust enforcement agencies are operating under the budget cuts mandated by the sequestration. As the law stands, even larger cuts were scheduled to kick in across the board next year. Instead, the budget deal would restore approximately half of the non-defense discretionary spending that would have automatically been cut.
The budget of the antitrust agencies is appropriated annually as discretionary spending. WaPo reports that the budget deal is expected to pass the House this week and the Senate next week, and appropriations committees in both chambers would work over the holidays to prepare funding bills for individual agencies.
posted by Anant Raut