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b'Agencies don\\u2019t have to worry about a 1% sequestration on discretionary funds kicking in for a few more months.\\nThe Office of Management and Budget says the requirement to\\xa0reduce discretionary spending\\xa0under the Fiscal Responsibility Act (FRA), signed into law in June, wouldn\\u2019t take effect until \\u201cafter full year appropriations are enacted, or April 30, whichever comes first.\\u201d\\n\\u201cOMB will take no action on Jan. 1, 2024, and no additional action should be taken by agencies to reduce impacted discretionary funding, even though a short-term continuing resolution will be in effect at that time,\\u201d OMB wrote in\\xa0frequently asked questions\\xa0on 2024 discretionary spending sent to agencies on Dec. 22. \\u201cIf any discretionary appropriation account remains on a short-term CR past April 30, OMB is required to issue a final sequestration report that compares the annualized appropriation levels provided by all discretionary appropriations bills under current law as of April 30 against the [FRA\\u2019s] section 102 interim spending limits. A breach of the section 102 spending limits would require OMB to order a sequestration to bring the current law discretionary appropriations in line with those interim spending limits.\\u201d\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'