Today the President forwarded to the Congress a package of FY 1998 budget
amendments to adjust his pending budget requests, as presented in the FY
1998 Budget, to be consistent with the recently negotiated Bipartisan
Budget Agreement between the President and the Leadership of Congress:
The package would:
Restructure the Administration's request for emergency disaster funding.
The pending FY 1998 $5.8 billion request for the contingent emergency
reserve fund within Funds Appropriated to the President would be
withdrawn. The FY 1998 funding request for the Federal Emergency
Management Activity would be reduced by $2.4 billion and, instead, these
funds are requested as an FY 1997 supplemental.
Shift funding requested for fixed capital assets for the Department of
Energy ($62 million), the Department of the Interior ($15 million), and
the Army Corps of Engineers ($331 million) from full, up-front funding in
FY 1998 to advance appropriations as needed for obligation during FY 1999
through FY 2002.
Increase funding for priority programs, including $700 million for the
Department of the Interior's Priority Federal Land Acquisitions and
Exchanges, and $22 million for Amtrak. The obligation limitation for
highway programs would be increased by $2 billion, and the obligation
limitation for mass transit programs would be increased by $105 million.
Pursuant to the Bipartisan Budget Agreement, shift funding for the Third
Grade Literacy initiatives from mandatory to discretionary spending. A
request for $260 million in discretionary funding is included in the
Make technical appropriations language adjustments required to implement
user fees for the Department of Veterans Affairs and the Social Security
The President also provided his priorities for how the additional funding
assumed in the Bipartisan Budget Agreement for national defense should be
allocated, and urged the Congress not to reduce protected domestic
programs needed for America's future.