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This estimate assumed that the COLA effective on December 1, 2013, would be 1.5 percent. (The annualized cost would be about $1.2 billion in subsequent years. The CBO previously estimated that the COLA change relative to current law would be about $2.6 billion on an annualized basis in contrast to that corrected figure of about $1.2 billion.) [5]
The 2013 United States federal budget is the budget to fund government operations for the fiscal year 2013, which began on October 1, 2012, and ended on September 30, 2013. The original spending request was issued by President Barack Obama in February 2012.
Cost of Living Allowance (COLA) is an entitlement given to military servicemen and women United States military living in high-cost areas or stationed overseas. It is intended to compensate service members for the high cost of living at certain duty stations. COLA is also given to other US government employees living abroad, dependent upon agency.
Consolidated and Further Continuing Appropriations Act, 2013 (Pub. L. 113–6 (text), H.R. 933, enacted March 26, 2013) was a bill passed by the United States House of Representatives of the 113th United States Congress. The bill prevented a government shutdown and funded the federal government through September 30, 2013 as it replaced a ...
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The CBO estimated that in the absence of sequestration, the GDP would grow about 0.6 percentage points faster for 2013 (from 2.0% to 2.6% or about $90B) and about 750,000 more jobs would be created by year-end. [5] As of May 2013, FY2013 spending ($3.455 trillion) was projected to be lower in an absolute sense than FY2012 spending ($3.537 ...
From October 1 to October 17, 2013, the United States federal government entered a shutdown and curtailed most routine operations because neither legislation appropriating funds for the fiscal year 2014 nor a continuing resolution for the interim authorization of appropriations for fiscal year 2014 was enacted in time.
This summary is based largely on the summary provided by the Congressional Research Service, a public domain source. [9]Each bill would require the rate of operations for each such account to be calculated to reflect the full amount of any reduction required in FY2013 pursuant to: (1) the Consolidated and Further Continuing Appropriations Act, 2013, and (2) the presidential sequestration order ...