The Bipartisan Budget Act of 2013 currently serves as the federal budget for fiscal year 2014 and fiscal year 2015. It sets overall discretionary spending for fiscal year 2014 at $1.012 trillion. The Bipartisan Budget Act of 2013 provides $63 billion in sequestration relief over two years, split evenly between defense and non-defense programs. In fiscal year 2014, defense discretionary spending in set to $520.5 billion and non-defense discretionary spending is set to $491.8 billion. The act reduces the deficit by between $20 and $23 billion. Read more about the Bipartisan Budget Act here.

Details of the bill:

Overview of the legislation

Legislative Text

Section-by-section analysis