FY 2024
Fiscal Year (FY) 2024
Debt Limit Deal Struck, Spending Caps Likely for FY 2024-25
Over the Memorial Day weekend, the White House and House Republican leadership agreed to a budget deal that would keep the U.S. from defaulting on its debt, at least until after the 2024 elections. The agreement would suspend the U.S. debt limit until January 2025. However, as Republicans have been demanding, the suspension would come with limits—as well as some cuts—to discretionary spending over the next two years. Should it make it through the House and Senate, the deal would set caps on discretionary spending at levels roughly 5 percent or $40 billion below current levels. However, by reclaiming unobligated…
House-Passed GOP Budget Would Decimate Science Funding
On April 26, the House passed along party lines the Limit, Save, Grow Act of 2023. The bill, which was developed by House Speaker Kevin McCarthy (R-CA) and other GOP members a week prior, represents the Republican’s opening bid in negotiations to raise the federal debt ceiling. Under the measure, the bill would suspend the federal debt limit until March 31, 2024, or until debt reaches $1.5 trillion, which ever comes first. However, as expected, the bill would demand steep cuts elsewhere in the budget to accommodate the increased borrowing authority. The White House and Congressional Democrats are seeking a…
Budget Season in Full Swing
Lawmakers returned this week from its two-week spring recess and immediately turned their attention to the budget; specifically, what to do about the approaching debt ceiling and whether or at what level to cap spending on discretionary programs for fiscal year (FY) 2024 (see previous coverage). While fights continue on these higher-level negotiations, the House and Senate Appropriations Committees will be meeting this week to discuss the FY 2024 budget proposals for several federal science agencies. The Senate Commerce, Justice, Science (CJS) Subcommittee is holding a hearing on April 18 featuring leadership from the National Science Foundation (NSF) and NASA;…
Congress on Spring Break, Returns April 18
Lawmakers have left Washington for a two-week spring recess. Upon their return later this month, work will continue on several thorny topics, including negotiations to raise the debt ceiling and setting top-line funding limits for the fiscal year (FY) 2024 appropriations bills. Appropriations subcommittees could begin crafting spending legislation over the next couple months, and those measures may include significant cuts to discretionary spending, including for research. As previously reported, House Republicans are seeking to cut non-defense discretionary spending back to FY 2022 levels; however, such cuts will not be supported by the Democrat-controlled Senate, setting the stage for major…
COSSA Releases Analysis of President’s Budget Request for FY 2024 for Social Science
On March 9, the Biden Administration began releasing details of its fiscal year (FY) 2024 budget request to Congress, with additional information rolling out over subsequent days. In total, the Biden Administration is requesting $209.7 billion for research and development activities across the federal government in FY 2024, an increase of $8.9 billion. Within that amount, $101.2 billion is sought for basic and applied research activities, an increase of $3.5 billion. The budget identifies several cross-government priorities for the President, including: As you will read throughout this report, the FY 2024 budget request prioritizes investment in these and other areas…
March Headlines to Feature Discussion on the FY 2024 Funding Outlook for Social & Behavioral Science Research
COSSA’s regular webinar series, COSSA Headlines, is back for 2023 and will kick off March 16 with a discussion on President Biden’s FY 2024 budget request for science and outlook for research funding in the new Congress. The COSSA team will also highlight ways social and behavioral science researchers can weigh on with their elected officials to support federal research funding. Register for the webinar here.
118th Congress: Profile of the House Labor, HHS, Education Appropriations Subcommittee
As its name suggests, the House Appropriations Subcommittee on Labor, Health and Human Services, Education, and Related Agencies (LHHS) is responsible for crafting funding legislation for the Departments of Education (ED), Health and Human Services (HHS), including the National Institutes of Health (NIH), and Labor (DOL), as well as other independent agencies like the Institute of Museum and Library Services and the National Council on Disability. The LHHS Subcommittee is one of the most sought-after appointments in the House. In recent weeks, Rep. Kay Granger (R-TX), Chair of the full House Appropriations Committee, announced Republican subcommittee appointments. Rep. Robert Aderholt…
118th Congress Convenes Amidst Historic Speaker Conflict
The 118th Congress has officially kicked off with Rep. Kevin McCarthy (R-CA) winning the speakership in the House on January 7 after a protracted fight within the Republican party. All House members were sworn in upon McCarthy’s election; reelected and newly elected Senators were sworn in on January 3. While many questions remain, details about what we can expect this year under the Republican-controlled House and Democratic-controlled Senate are starting to emerge. This week, the House passed its rules package for the 118th Congress, which includes several provisions making headlines. In order to secure the votes needed to win the…
White House Releases Budget Priorities for R&D for FY 2024
On July 22, the White House released a memorandum outlining the Administration’s priorities for research and development (R&D) for the fiscal year (FY) 2024 budget cycle. This memorandum, which is traditionally released annually by the Office of Management and Budget (OMB) and Office of Science and Technology Policy (OSTP), aims to set cross-cutting priorities for all federal research agencies to consider as they develop their budget submissions. The FY 2024 memorandum lists seven such priorities for agencies to consider: Preparing for and preventing pandemics; Reducing the death rate from cancer in half; Tackling climate change; Advancing national security and technological…