®: CRE Regulatory Action of the Week
President Issues Sequestration Order
President Obama has issued a Sequestration Order for Fiscal Year 2017 pursuant to Section 251A of the Balanced Budget and Emergency Deficit Control Act., 2 U.S.C.
901a. This Presidential Order requires that, on October 1, 2016, direct spending budgetary resources for fiscal year 2017 in each non-exempt budget account be reduced by the amount calculated by the Office of Management and Budget in its report to the Congress of February 9, 2016.
Click here to read Federal Register notice of this Sequestration Order.